SoftBank likely had the Vision Fund on its its mind when it decided to rescue WeWork - Business Insider

The Vision Fund's strategy is coming into question

And then there's WeWork. SoftBank itself valued the company at $47 billion in January, and investment bankers pitched the company on the idea that it could go public at a valuation of $60 billion or more. In theory, SoftBank could have let WeWork fail. Investors do that all the time, deciding not to extend a lifeline to struggling companies, even ones they've backed in the past. Many make the decision that the chances or amount of a potential payoff are not worth additional investment; better to write off the amount already invested than to lose even more.

Still, the danger for SoftBank is that in protecting its investment today, it will suffer a bigger loss later on. To prevent that, the company should be focusing on doing what it can to help WeWork, beyond just giving it cash, said Dan Malven, a managing director at 4490 Ventures.

What a circus act and the ringmaster is cnbc pumping this garbage all day. The crew there should go on Jordan Belforts podcast the wolfs den

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SoftBank takes control of WeWork in bailout deal; Neumann out - Business InsiderThe Japanese investor will give Adam Neumann $1.7 billion. He'll get a $185 million consulting fee and will step down from the board. GoldenParachutes...
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