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SoftBank backs away from part of planned WeWork bailout – WSJ

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Via Reuters Finance

FILE PHOTO: The WeWork logo is seen on a cup at a WeWork office in Beijing, China August 2, 2019. Picture taken August 2, 2019. REUTERS/Jason Lee

(Reuters) – SoftBank Group Corp (9984.T) is backing away from part of its planned bailout of WeWork, due to several regulatory investigations of the office sharing company, the Wall Street Journal reported here on Tuesday, citing people familiar with the matter.

Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur


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