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SoftBank makes another bet on WeWork, hoping landlords will too

Dated on: Wednesday 8th November 2023

WeWork's $3 billion debt-to-equity swap deal with creditors is the latest attempt by SoftBank, its top shareholder, to revive the troubled office space provider and recover some of its significant investments. The success of this endeavor hinges on WeWork's ability to renegotiate expensive long-term leases signed during prosperous times, which it is now struggling to pay, potentially leading to a bankruptcy filing on Monday.

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