SoftBank profit takes hit from WeWork debacle
SFGate -

TOKYO - Over nearly four decades, Masayoshi Son, CEO of SoftBank Group of Japan, has spent vast amounts of money to build an investment empire that spans countries and industries and that has shaken up the technology world.

On Wednesday, Son, 62, defended that legacy in the face of his biggest setback in years. SoftBank reported that it took a nearly $4.6 billion hit from its investment in WeWork, the troubled office-space company that has come to symbolize the excesses of startup culture.


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