SoftBank to Own 80% of WeWork
Posted on 10/23/2019
At the late night hour, financially-troubled WeWork capitulated and SoftBank Group Corporation will hold an approximate 80% stake in the company on a fully-diluted basis. In return, SoftBank will invest US$ 9.5 billion into WeWork in the forms of a US$ 3 billion stock tender, US$ 5 billion in new debt, and US$ 1.5 billion […]
