SoftBank is reportedly in very advanced talks with WeWork over a rescue deal that would value the company at between $7.5bn and $8bn on a pre-funding bases and cede control to the Japanese company. The two companies have been working together for some time now, but it was not until last week when they were able to finalise their deal. Last month, the start-up terminated plans to go public. SoftBank COO Marcelo Claure would assume a role as part of the management team, likely as chairman.
SoftBank is reportedly in very advanced talks with WeWork over a rescue deal that would value the company at between $7.5bn and $8bn on a pre-funding bases and cede control to the Japanese company. The two companies have been working together for some time now, but it was not until last week when they were able to finalise their deal. SoftBank COO Marcelo Claure would assume a role as part of the management team, likely as chairman.