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Tangled Oneweb

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degreen2014 | 15:59 Thu 21st Jan 2021 | Phrases & Sayings
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What does the phase (Wrote down its Stake) means.

Much appreciated
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Avatar Image jno
a company might write down its stake in another company (ie the amount it owns) by announcing it's worth less than it had previously calculated.
16:01 Thu 21st Jan 2021
Avatar Image bobbinwales
example also relevant to your title
https://www.cityam.com/softbank-suffers-380m-writedown-in-oneweb-stake/
16:03 Thu 21st Jan 2021

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