SoftBank scraps $16 billion WeWork investment in favor of smaller deal

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SoftBank scraps $16 billion WeWork investment in favor of smaller deal
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SoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.

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