SoftBank COO and soon to be WeWork Chairman Marcelo Claure told workers in a meeting that he had all the ingredients to stage " one of the most amazing comeback stories ever " . WeWork is to be handed the responsibility of refurbishing SoftBank 's HQ in Tokyo and all the Japanese company ’s properties around the world , including its portfolio of businesses . It is believed to face paper losses of several billion dollars on its WeWork investment and , while the sum is not a major issue for the group , the market has responded by pushing the price of five - year credit swaps for SoftBank to 2.4 % , a nine - month high , while the company ’s corporate bond fell to a record low and its shares have dropped by 2.5 % over the past week .
SoftBank COO and soon to be WeWork Chairman Marcelo Claure told workers in a memo that WeWork had all the ingredients to stage "one of the most amazing comeback stories ever". WeWork is to be handed the job of refurbishing SoftBank's HQ in Tokyo and all the Japanese company’s properties around the world, including its portfolio of businesses. SoftBank is believed to face paper losses of several billion dollars on its WeWork investment and, while the sum is not a major issue for the group, the market has responded by pushing the price of five-year credit swaps for SoftBank to 2.4%, a nine-month high, while the company’s junk bond fell to a record low and its shares have dropped by 2.5% over the past week.