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Softbank writes billions in losses due to WeWork insolvency – IT business

by Alexandra Hartman Editor-in-Chief

2023-11-09 10:56:07

The Japanese technology investor SoftBank has slipped deeper into the red due to the bankruptcy of the US office landlord WeWork. The result collapsed to minus 789 billion yen (4.9 billion euros) in the second quarter, as the WeWork majority owner announced on Thursday. This is the fourth loss in a row.

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