Will WeWork's rescue plan backfire on SoftBank?

Will WeWork's rescue plan backfire on SoftBank?

The Embarcadero WeWork offices in San Francisco. Photographer: Michael Short/Bloomberg

WeWork’s valuation keeps sliding. SoftBank Group Corp., its largest outside investor, is now targeting $8 billion through a rescue package it’s putting together, according to Bloomberg News. But Masayoshi Son ought to be careful. While the deal may set a floor under WeWork, it could also diminish his standing along with SoftBank and its $100 billion Vision Fund.