In addition to giving WeWork some much-needed funds, the potential takeover could result in Adam Neumann falling even further from grace
, the SoftBank offer would also include $5 billion in debt financing and accelerate a $1.5 billion equity investment scheduled for next year. The deal would give SoftBank a majority stake in the company, which Reuters reports could fall anywhere between 60 and 80% depending on the results of the tender offer, and would likely see SoftBank Chief Operating Officertake over as board chairman.
The fundraising Hail Marys come as WeWork takes drastic measures to dig itself out of its financial hole. Following WeWork's catastrophic IPO—a time when, as one executive, the internal mood was “an all-around shitshow”—Minson and Gunningham have started making major reforms, from firing Neumann's cronies and unloading his
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SoftBank's WeWork takeover would lead to Adam Neumann's exit: sourcesIn a bid to rescue struggling office-space sharing firm WeWork, SoftBank has offered $5 billion in new money to the company in the form of debt
Weiterlesen »
SoftBank is planning on paying Adam Neumann $200 million to step aside if it takes over WeWorkSoftBank would pay Neumann $200 million. In return, he'd leave WeWork's board, give up his voting shares — and reportedly back SoftBank's bid.
Weiterlesen »
SoftBank's WeWork financing would lead to Adam Neumann's exit: sourcesSoftBank has made a $5 billion debt financing offer to keep WeWork afloat. The deal would make the Japanese technology conglomerate the majority owner of the U.S. office-space sharing company
Weiterlesen »
SoftBank to take control of WeWork: SourcesSoftBank will take control of embattled WeWork and provide $4-5 billion in new funding, sources say. The deal would aim to help WeWork get back on track and reach profitability.
Weiterlesen »
WeWork’s Valuation Plummets To $8 Billion As SoftBank Completes Take OverThe WeWork saga could finally be over.
Weiterlesen »