SoftBank seeks control of WeWork through financing package: source

) has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.

Reuters had reported that SoftBank was in negotiations to make a $1 billion investment to enable WeWork to go through a major restructuring. “WeWork has retained a major Wall Street financial institution to arrange a financing,” a WeWork spokeswoman said. “Approximately 60 financing sources have signed confidentiality agreements and are meeting with the company’s management and its bankers over the course of this past week and this coming week.”

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If WeWork had any sense it would very quickly adopt proper groundbreaking technology and become an actual technology company. This isnt rocket science. There is tech out there that will transform this business.

Our mission at is to build the social media platform that ends fake news

GusGiacoman looks like a younger you at 0:13. You bailing out WeWork?

JF It means financial companies wthdraw from this. Softbank alone needs to finance until ... Softbank needs cash from somewhere..

JF Perhaps it is time to systemically restructure banking of the real value of real property at the local level for responsible and accountable local redevelopment to meet the locally-observed needs of healthy growing communities. ICBA HouseBlueDogs RepublicanStudy usmayors

softbank masayoshi joue gros... la valeur boursière de sa compagnie a souffert à US$77 milliards, d'une frénésie d'achats de startups en 2018, un total rare de US$30mds - qui dit ou ose plus? weWork est un panier percé et le flair du nippo-coréen est entrain de le lâcher😎🤓

With close to $10B into the WW sewer, Softbank's aura of invincibility has dimmed greatly

DiMartinoBooth Throwing good money after bad?

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