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SoftBank Marks Down WeWork Valuation to $2.9 Billion

By Cory Weinberg
· · Source: Bloomberg

WeWork has wiped away about 94% of its value in less than a year, its largest outside shareholder said. SoftBank told investors Monday it marked down its investment in WeWork to $2.9 billion, down from the $47 billion mark at which it was valued on paper a year ago. It’s also a 63% drop from the most recent SoftBank disclosure last quarter. The company’s declining value is a further indictment...

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