SoftBank shares slide after massive WeWork bailout cnn.com

Hong Kong (CNN Business) Shares in SoftBank ( SFTBF ) fell 2.5% on Wednesday after the Japanese conglomerate confirmed a massive deal to bail out WeWork, the embattled office space startup.
The deal will give SoftBank up to 80% ownership of the beleagured startup.
The Japanese company is pumping $5 billion into The We Company and accelerating a $1.5 billion equity investment originally due next year.
It's also offering to buy up to $3 billion worth of stock from existing investors and shareholders.
Japanese markets were closed Tuesday for a holiday.