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Financial Times – SoftBank pays $1.5bn to WeWork’s banks days before bankruptcy filings 

The Financial Times says SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders just days before WeWork filed for bankruptcy, as the cost of one of the worst venture capital investments in history mounts for the Japanese group.

The paper says the payment takes the total that SoftBank has committed to WeWork to more than $16bn since an initial investment in 2017, a move it says has proved “one of the worst venture capital investments in history”.

The front page features an image of Gazans fleeing their homes as Israel advances. 

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