TOKYO -- SoftBank Group's plan to provide financing for the parent of office-sharing startup WeWork on its own signals a lack of support among Saudi backers of its $100 billion Vision Fund.
The $5 billion financial package, hastily put together under the direction of SoftBank CEO Masayoshi Son, would raise the Japanese tech conglomerate's stake in We Co. without turning it into a consolidated subsidiary. And SoftBank itself will provide the support, not the SoftBank Vision Fund. The two have already invested more than $10 billion in the company.
