SoftBank is reportedly pulling back its plans to take a controlling stake in San Francisco-based WeWork Cos. and is slashing its investment to $2 billion, a fraction of its earlier plans, according to a report in the Financial Times.
SoftBank was considering a $16 billion WeWork investment toward the end of last year, on top of its earlier $8 billion investment in the shared office space rental company, the Financial Times reports. But a sharp sell-off in the markets, combined with emerging concerns…
