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Reuter is giving better picture of how this is being worked upon. SoftBank has agreed to give him (Neumann) $500 million to refinance his personal loans, as we
by achow 7y ago
Reuter is giving better picture of how this is being worked upon.
SoftBank has agreed to give him (Neumann) $500 million to refinance his personal loans, as well as pay him a $185 million consulting fee. SoftBank will additionally launch a tender offer for up to $3 billion to acquire WeWork shares from existing investors and employees.. Neumann’s ability to tender his shares will be capped at $970 million.
https://www.reuters.com/article/us-wework-softbank-group/wework-board-accepts-softbank-rescue-deal-source-idUSKBN1X11JN https://www.reuters.com/article/us-wework-softbank-group/wew...
- dang 7y agoOK, we've changed to that from https://www.nytimes.com/2019/10/22/business/dealbook/wework-softbank.html https://www.nytimes.com/2019/10/22/business/dealbook/wework-.... Thanks.