April 30, 2020 / 12:09 AM / a month ago

SoftBank sees $8.4 bln net loss on WeWork writedown

TOKYO, April 30 (Reuters) - SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 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 yen.

SoftBank maintained its forecast of a record annual operating loss of 1.35 trillion yen announced earlier this month as bets via the $100 billion fund sour. ($1 = 106.6200 yen) (Reporting by Sam Nussey; Editing by Kim Coghill)

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