The package would significantly increase the stake of SoftBank, which already owns around one third of WeWork, and further dilute the influence of co-founder Adam Neumann, the Journal reported. Reuters previously reported that SoftBank was in negotiations to make a $1 billion investment to enable WeWork to go through a major restructuring. WeWork is working with JPMorgan Chase & Co to negotiate a $3 billion debt deal after a planned initial public offering was tabled last month because of investor concerns about how it was valued and its business model, sources told Reuters. …read more
Source:: Yahoo Finance
