SoftBank Offloading a Quarter of WeWork Rescue Debt

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Bloomberg Markets and Finance published this video item, entitled “SoftBank Offloading a Quarter of WeWork Rescue Debt” – below is their description.

Japanese conglomerate SoftBank Group Corp. is selling a quarter of its WeWork Inc. bond holdings to institutional investors. That is about $550 million of debt. SoftBank originally provided financing to WeWork after the office sharing company’s failed initial public offering. Davide Scigliuzzo reports on “Bloomberg Daybreak: Australia.”

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