https://wccftech.com/softbank-preparing-to-stake-its-claim-on-wework/

According to multiple reports, SoftBank Group Corp. (TYO:9984) has worked out a financial plan that would grant the Japanese giant control of WeWork. The plan, if implemented, would also further marginalize WeWork’s co-founder, Adam Neumann, in the day-to-day operations of the troubled shared workspace provider.

SoftBank already owns one-third of WeWork and the proposed financial package would allow the Japanese telecoms-to-technology group to raise its stake in the company to over 50 percent. It is, however, unclear as yet whether SoftBank would also purchase WeWork’s outstanding stock in its entirety. This plan appears to epitomize the efforts by SoftBank’s CEO, Masayoshi Son, to salvage about $11 billion already invested in WeWork by the Japanese telecom group and its gargantuan Vision Fund.