BREAKING NEWS

SoftBank would seek to take control of WeWork

The Japanese group, which already owns a third of WeWork's capital, is said to have developed a multi-billion dollar financial package to take the lead and reduce the influence of its founder Adam Neumann.
New rebound in the tumultuous news of WeWork. According to the Wall Street Journal , SoftBank has prepared a financial package that would allow it to increase its stake in the company by injecting billions of dollars in part equity and debt. The maneuver would provide fresh money to the shared office specialist who finds himself in a tense financial situation since the abandonment of his IPO and the resignation of his P-dg and co-founder, Adam Neumann, whose methods of management led to his resignation .
SoftBank, which already owns a third of WeWork's capital, would like to take advantage of it to further reduce the influence of Adam Neumann, who has already agreed to reduce his voting power from 10: 1 to 3: 1. However, according to the Wall Street Journal, there is no guarantee for the moment that the plan of the Japanese giant will see the day
SoftBank would seek to take control of WeWork SoftBank would seek to take control of WeWork Reviewed by Tya Chyntya on October 14, 2019 Rating: 5

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