SoftBank Upping Bet on Loss-Making WeWork With Possible Majority Stake: Source

SoftBank Upping Bet on Loss-Making WeWork With Possible Majority Stake: Source
A logo of U.S. co-working firm WeWork is pictured during a signing ceremony in SHANGHAI, China Apr. 12, 2018. Jackal Pan via Reuters
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SAN FRANCISCO/NEW YORK—Japan’s SoftBank Group Corp. is in discussions to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup.

A deal would signal a shift for SoftBank, which runs the world’s biggest private equity fund and has concentrated its ownership of late-stage startups in minority stakes, as it seeks attractive targets for its huge pool of capital.