SoftBank is reportedly in very advanced talks with SoftBank 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 deal, which is worth 1.5bn , comprises a $ 1.5bn syndicated loan, a tender for up to $3bn of equity from existing shareholders and an acceleration of a $ between $7.5bn equity investment committed to in January , giving SoftBank control of as much as 70% or more of WeWork . After the move, Softbank would then have as much as 70% or more control of WeWork. 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 SoftBank 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 deal, which is worth 1.5bn , comprises a $ 1.5bn syndicated loan, a tender for up to $3bn of equity from existing shareholders and an acceleration of a $ between $7.5bn equity investment committed to in January , giving SoftBank control of as much as 70% or more of WeWork . SoftBank COO Marcelo Claure would assume a role as part of the management team, likely as chairman.