WeWork co-founder Adam Neumann reportedly will get about $1.7 billion under a deal in which SoftBank will take control of the troubled company
Under the deal, the potential valuation of WeWork would drop to about $8 billion, a stunning fall from its peak of $47 billion, and an additional embarrasment for a company that was supposed to go public not long ago.
Under that new expected valuation, SoftBank would have put more money into WeWork to date than the company is worth.News of the deal was first reported by the Wall Street Journal.WeWork and SoftBank did not immediately respond to a request for comment.This is a developing story. Check back for more ...
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
WeWork board weighs $9.5-billion takeover bid from SoftBankSoftBank is offering to take over WeWork, buying as much as $3 billion of stock from existing shareholders and providing $5 billion in debt financing.
Lire la suite »
SoftBank takes control of WeWork in bailout deal; Neumann out - Business InsiderThe Japanese investor will give Adam Neumann $1.7 billion. He'll get a $185 million consulting fee and will step down from the board.
Lire la suite »
SoftBank is reportedly paying WeWork founder Adam Neumann $1.7 billion to step off the boardWeWork has been considering two competing takeover bids from SoftBank and JPMorgan.
Lire la suite »