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SoftBank seeks to avoid WeWork's liabilities with new investment: sources

Reuters Saturday, 19 October 2019
SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.
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News video: Sources: SoftBank offers WeWork $5 billion buyout

Sources: SoftBank offers WeWork $5 billion buyout 01:01

SoftBank has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday. Tamara Lindstrom reports.

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