Softbank Less Eager to Own WeWork in the Age of Coronavirus
Five months ago, Japanese investment fund Softbank Group (OTC: SFTBF) struck a deal to gently usher WeWork co-founder Adam Neumann out the door and take control over the company itself. In a deal valuing the short-term office lease company at $8 billion, down from $47 billion earlier in the year, Softbank would:
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In exchange, Softbank would grow its ownership stake in the company to about 80%.
Source Fool.com
