SoftBank adds to financial burden with $10 billion WeWork deal

October 23, 2019 admin Business News Comments Off on SoftBank adds to financial burden with $10 billion WeWork deal

SoftBank Group Corp’s financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares.

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Source:: Reuters – Business News