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Business deals

SoftBank takes 80% stake in WeWork with $9.5bn bailout

Japanese conglomerate will have majority economic interest but not voting control

SoftBank Group Chairman and CEO Masayoshi Son speaks at an earnings release in Tokyo. (Photo by Keiichiro Sato)

NEW YORK -- WeWork announced on Tuesday that it had accepted a $9.5 billion rescue package from Japan's SoftBank Group that would give its biggest investor an over 80% economic interest in the troubled office space company but not voting control.

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