Office blues: SoftBank under fire as WeWork value shrinks

NEW YORK/TOKYO -- When SoftBank Group invested a further $2 billion in New York-based shared-workspace provider WeWork this January, it had valued the company at $47 billion. This week, it was reported that We Company, WeWork's parent, is exploring a target valuation less than half that size for its upcoming initial public offering, in the neighborhood of $20 billion.