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SoftBank is looking to put its money to work in WeWork. Possibly.
Bloomberg reported Wednesday (October 10) that the Japanese firm – whose investments stretch out across a variety of verticals (more on this later) – is eyeing a majority stake in the co-working company.
The newswire cited an unnamed source “familiar with the matter.”
Should SoftBank, which is behind the world’s largest private equity fund, pull the trigger and garner that sizable stake in the startup, the move would be what the newswire called “a doubling down on one of its biggest bets” on WeWork, which has been posting losses.
A majority stake is a change of pace for the Japanese firm, which typically guns
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