SoftBank in talks with Mizuho and Japan banks for $2.8bn loan

Group seeks additional funds as it looks to turn around WeWork

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SoftBank Group chief Masayoshi Son needs to turnaround WeWork to convince investors to support his second Vision Fund.  © Reuters

KOSUKE TAKAMI, Nikkei staff writer

TOKYO -- SoftBank Group is in talks to receive about 300 billion yen ($2.76 billion) in financing from Japan's leading banks, Nikkei has learned, as the company scrambles to fund a turnaround at coworking startup WeWork.

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