SoftBank Group Corp. has said it sees a loss of around ?700 billion in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group¡¯s expected net loss to ?900 billion.
SoftBank maintained its forecast of a record annual operating loss of ?1.35 trillion, announced earlier this month, as bets via the $100 billion (?10 trillion) fund sour.
SoftBank is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer, agreed when it bailed out the office-sharing firm following a flopped IPO attempt last year.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.