SoftBank clinches WeWork takeover deal, bailing out co-founder

SoftBank clinches WeWork takeover deal, bailing out co-founder

5 years ago
Anonymous $xdcOWPpsb_

https://www.reuters.com/article/us-wework-softbank-group/softbank-clinches-wework-takeover-deal-bailing-out-co-founder-idUSKBN1X11JN

SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control.

SoftBank clinches WeWork takeover deal, bailing out co-founder

Oct 23, 2019, 3:17am UTC
https://www.reuters.com/article/us-wework-softbank-group/softbank-clinches-wework-takeover-deal-bailing-out-co-founder-idUSKBN1X11JN >SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control.