SoftBank Posts $6.2 Billion Loss After WeWork Bankruptcy

TOKYO—SoftBank Group sank deeper into the red in the July-September period as its technology investments struggled and losses piled up from the collapse of office-sharing company WeWork.

SoftBank holds a majority stake in WeWork, which earlier this week filed for chapter 11 protection in the U.S. due to weakness in the office market. The Japanese investment company’s cumulative losses in WeWork total $14.3 billion.