Business > Adam neumann

SoftBank Aims to Take Control of WeWork After Failed IPO

9 monthes ago   |   By Fortune

WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group Corp., according to a person familiar with the matter, one of two main options to rescue the once high-flying startup.
The Japanese investment powerhouse controlled by billionaire Masayoshi Son is convinced it can turn around the cash-strapped American company with the right financial controls in place, the person said, asking not to be identified talking about internal deliberations. WeWork's board and backers however are also weighing another option: JPMorgan Chase & Co. is leading...
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WeWork could hand control to SoftBank as part of rescue package

WeWork could hand control to SoftBank as part of rescue package

9 monthes ago   |   By Venture Beat

SoftBank has prepared a rescue package for WeWork that would give it control over the shared office space company, a person familiar with the matter said.
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