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SoftBank’s shares slump to a 10-month low after $9.5 billion WeWork bailout

October 24, 2019

SoftBank’s share price hit its lowest point since the last week of January after it announced it would be bailing out WeWork earlier this week.

The firm’s stock fell nearly 3% in Tokyo trading on Thursday, as investors reacted to the news that SoftBank would be putting in another $9.5 billion to the real estate firm.

SoftBank to date has spent $10.65 billion on WeWork according to CNBC, making it one the company’s main backers historically.

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