SoftBank commits $1.1 bn to WeWork amid membership drop

SoftBank Group Corp. is adding $1.1 bn to its WeWork commitment as the co-working company weathers declining membership amid the coronavirus pandemic, according to a staff memo.

The new financing, “another sign of SoftBank’s continued support for our business,” boosts the New York-based company’s available cash and unfunded cash commitments to $4.1 billion, according to Chief Financial Officer Kimberly Ross’s memo

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