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Yes, they are a majority, so it's probably of their interest that the company doesn't cease to exist, as it would imply an even bigger loss. I think it's very
by thiago_fm 3y ago
Yes, they are a majority, so it's probably of their interest that the company doesn't cease to exist, as it would imply an even bigger loss.
I think it's very likely a takeover. Right now it costs nothing(~$100M) for SoftBank, but they'd rather let it go through bankruptcy as it will help the company to get rid of the bad part of WeWork.
I'm not an investor in WeWork ATM, but I wouldn't mind to own some stocks once this is sorted out.
- d0gsg0w00f 3y agoEspecially since they may be poised to significantly reduce their costs with renegotiating leases while the commercial real estate market is in tatters.