SoftBank to Take Control of WeWork

◊ SoftBank Buy WeWork ◊ SoftBank Group Corp. won approval from WeWork’s board to take control of the troubled co-working startup, in a deal that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company. WeWork, in danger of running out of cash in the coming weeks, chose […]

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Today’s Stock Market News

SoftBank Group Corp. Has Spent At Least Half Of Its Nearly $100 Billion Vision Fund In Less Than Two Years

The Vision Fund, which is backed by the sovereign-wealth funds of Saudi Arabia and Abu Dhabi, has taken stakes in some of the world’s most valuable startups, including ride-hailing pioneer Uber Technologies Inc. and shared-office-space company WeWork Cos. LLC. SoftBank said Wednesday the fund has spent about $50 billion of its approximately $99 billion in capital.

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