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All the details of SoftBank's WeWork takeover: SoftBank will own 80% of WeWork, Neumann steps down, and SoftBank invests billions. The new chairman will address employees on Wednesday.

Business Insider Wednesday, 23 October 2019
All the details of SoftBank's WeWork takeover: SoftBank will own 80% of WeWork, Neumann steps down, and SoftBank invests billions. The new chairman will address employees on Wednesday.· SoftBank announced a deal to take over WeWork on Tuesday night. 
· The rescue plan, which comes weeks before WeWork was set to run out of money, includes a capital infusion and stock buyback from the Japanese investor.
· Marcelo Claure, SoftBank's chief operating officer, will become executive chairman of WeWork's board....
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News video: SoftBank Takes Over WeWork in $10 Billion Deal

SoftBank Takes Over WeWork in $10 Billion Deal 00:48

In a $10 billion deal, SoftBank will takeover WeWork, bailing out the office-space sharing start-up. Veuer’s Justin Kircher has more.

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