Shared Space news and trends

SoftBank Wants Majority Stake In WeWork, Sans Liabilities

October 21, 2019
Adam Neumann, WeWork, Softbank, valuation
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SoftBank Wants Majority Stake In WeWork, Sans Liabilities

October 21, 2019
SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5 billion financing rescue that The We Company — parent of New York-based WeWork — is considering alongside a proposal by JPMorgan Chase. SoftBank gave WeWork […]