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.