SoftBank likely had the Vision Fund on its mind when it decided to rescue WeWork
|10/23/2019||Posted by BusinessMediaguide.Com under General World News||
- In deciding to rescue WeWork, SoftBank likely was motivated by more than just the coworking company’s potential, business experts told Business Insider.
- The Japanese conglomerate was almost certainly also trying to defend its $100 billion Vision Fund — and better its chances to attract investors to its second Vision Fund.
- Some of the Vision Fund’s biggest investments have been struggling — Uber and Slack have both fallen below their public offering prices.
- But WeWork, which has seen its valuation plummet amid a failed initial public offering, has represented the biggest disaster, and SoftBank likely decided it was “too read more >>>