SoftBank is seeking to take control of WeWork: WSJ
has readied a financing package to take control of WeWork and further sideline the company's founder Adam Neumann, The Wall Street Journal reported, citing people familiar with the matter.
SoftBank already owns one-third of WeWork, but is aiming to invest several billion dollars in additional equity and debt in the company, sources told The Journal. The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Neumann announced last month that he wasafter the company delayed its initial public offering amid an uproar over its governance and valuation.
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