SoftBank is reportedly in very advanced talks with WeWork over a rescue deal that would value the company at between $ 7.5bn and $ 10 on a pre - funding bases and cede control to the Japanese government . The anticipated SoftBank takeover marks the latest chapter in a dramatic year for what was at one point anticipated to be one of Wall Street's hottest initial public offerings. The deal , which is worth up to $ 9.5bn , comprises a $ 5bn syndicated loan , a tender for up to $ 3bn of equity from existing shareholders and an acceleration of a $ 1.5bn equity investment agreed to in January , giving SoftBank control of 70 % or more of WeWork . SoftBank COO Jose Ramos would play 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 $ 10 on a pre - funding bases and cede control to the Japanese government . The deal , which is worth up to $ 9.5bn , comprises a $ 5bn syndicated loan , a tender for up to $ 3bn of equity from existing shareholders and an acceleration of a $ 1.5bn equity investment agreed to in January , giving SoftBank control of 70 % or more of WeWork . SoftBank COO Jose Ramos would play a role as part of the management team , likely as chairman .