(Bloomberg Opinion) — Masayoshi Son just pulled off a deal that gives him the best of both worlds. He’s found a way to keep a foot in WeWork without getting it stuck in the company’s quicksand of cash.On Wednesday, SoftBank Group Corp.’s chairman announced that he’s increasing the company’s stake in WeWork to 80% ( from 29%). And yet, the parent isn’t welcoming the co-working space operator as a son; rather, it would be more like a nephew. This is the kind of accounting gymnastics, and hair-splitting, Son is becoming famous for.Here’s what SoftBank said in a statement Wednesday announcing …read more
Source:: Yahoo Finance
