Vision Fund will struggle to shrug off WeWork flop LiamWardProud
SoftBank is struggling to raise money for its Vision Fund 2, Reuters reported on Oct. 4 citing two people familiar with the situation.
Some of Chief Executive Masayoshi Son’s top lieutenants have urged a delay, and the fund is likely to be far smaller than the $108 billion SoftBank said it had lined up through memoranda of understanding. WeWork parent The We Company on Sept. 30 filed to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as CEO.
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