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.
Wednesday, 23 October 2019 · 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....