WeWork Is Still a Good Business at Its Core, SoftBank Says

SoftBank Group Corp. said it believes WeWork’s core business is still good despite governance and execution challenges.

“We are still in it, we are involved, we are helping the company because we believe the idea at its core is very, very good,” said Deep Nishar, senior managing partner at SoftBank’s Vision Fund. “We will help solve WeWork’s problems with corporate governance with the next set of management,” he said at Munich’s Digital Life and Design conference Saturday.