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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

SoftBank paid WeWork lenders almost $1.5bn before bankruptcy filing

WeWork SoftBank Adam Neumann
WeWork, valued at $47bn at its peak on the private market, suffered a stunning fall from grace in the wake of a botched bid to go public and the ouster co-founder Adam Neumann in 2019.
WeWork, valued at $47bn at its peak on the private market, suffered a stunning fall from grace in the wake of a botched bid to go public and the ouster co-founder Adam Neumann in 2019. Photograph: Shannon Stapleton/Reuters

SoftBank transferred almost $1.5bn to WeWork’s lenders less than a week before the shared office rental group filed for bankruptcy, court documents have revealed.

The Japanese conglomerate has endured steep losses on its investment in WeWork, which was one of the world’s most fêted startups when it first invested six years ago.

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