SoftBank clinches deal to take over WeWork ― assets

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SoftBank clinches deal to take over WeWork ― sources

SoftBank Workforce Corp (9984.T) has agreed to spend greater than $10 billion to take over WeWork, doubling down on an ill-fated funding and paying off its co-founder Adam Neumann to relinquish regulate, other people accustomed to the subject mentioned on Tuesday.

The deal represents a shocking reversal of fortune for the U.S. office-space sharing startup, in addition to its greatest shareholder, SoftBank, which with the most recent commitments could have spent greater than $19 billion on an organization this is now valued at simply $eight billion.

Proceed studying SoftBank clinches deal to take over WeWork ― assets at Leading edge Information.



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