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.
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