SoftBank could reportedly acquire a controlling stake that would value the troubled workspace provider below $10bn, less than a year after it raised money at a $47bn valuation.

Telecommunications and internet group SoftBank is preparing a deal to acquire a majority stake in We Company, the US-based operator of workspace provider WeWork, the Wall Street Journal reported yesterday. SoftBank is already the largest investor in the company, which was valued at $47bn as of January 2019, but the financing will be provided at…

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