4 ms·
Disagree, there is a big difference between investing 200m where you can expect a return on investment and just giving someone 200m to go away. There is a retur
by 0xB31B1B 7y ago
Disagree, there is a big difference between investing 200m where you can expect a return on investment and just giving someone 200m to go away. There is a return on the other money SoftBank has invested, but the 200m itself is a cost, and rather large. Most money transfers of this size are exchanges of capital for equity or debt, not gifts of cash.
- justinator 7y agoI guess that's why investors tell you to, "diversify your investments".
- ericand 7y agoThey are buying control, no? Neumann sold economic interest (non voting equity) to Soft Bank earlier. Now they want the voting power and they are offering him 200M for it. It has to be worth something. It sounds like it is unclear if that is enough (although if they are reporting it I assume it is) for him to agree.
- chewz 7y agoThis 200m is for JP Morgan and UBS who extended 500m credit line to Neumanm and he promptly drawn down $380 million. As JP Morgan is pushing for different vision of WeWork restructuring this is a pill to make sure they won't show loses on the credit line to Neumann. I doubt that Neuman would be left with more then a few $ in his pocket. https://www.nytimes.com/2019/09/25/business/wework-jpmorgan.html https://www.nytimes.com/2019/09/25/business/wework-jpmorgan....