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Startups

SoftBank plans to pump $5bn into WeWork

Japanese investor will not take a majority stake

WeWork's parent company is expected to choose soon between rival $5 billion funding offers from SoftBank Group and JPMorgan Chase.   © Reuters

TOKYO -- SoftBank Group will offer around $5 billion in financing to the parent of office-sharing unicorn WeWork as the loss-making company scrambles for cash, Nikkei learned Wednesday.

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