SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured.
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Nothing unexpected.
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Notably, it's Chapter 11 bankruptcy, so they are clearly trying to revive the company by renegotiating their debts.