TOKYO -- Concerns over SoftBank Group CEO Masayoshi Son's ambitious bets on technology companies are deepening after he led nearly $30 billion worth of investments in startups in the past year alone.
SoftBank has scaled back its planned investment in co-working space startup WeWork to $2 billion after holding talks to inject as much as $16 billion, the Financial Times reported on Tuesday, citing the recent tech stock rout and concerns among investors in its $100 billion Vision Fund. It marked the first clear sign of pushback against Son's dealmaking since the fund was launched two years ago.
