WeWork rescue plan could backfire on SoftBank

WEWORK’S valuation keeps sliding. SoftBank Group, its largest outside investor, is now targetting US$8 billion through a rescue package it’s putting together, according to Bloomberg News. But Masayoshi Son ought to be careful. While the deal may set a floor under WeWork, it could also diminish his standing along with SoftBank and its US$100 billion Vision Fund.