Japan’s SoftBank will take control of WeWork in a bailout plan that will see the office-sharing start-up’s co-founder Adam Neumann exit the board. Photo: AFP

WeWork gets a reprieve as SoftBank injects US$9.5 billion, giving it a 80 per cent stake in the co-working start-up

  • Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
  • SoftBank is currently working to raise another, larger version of its US$100 billion Vision Fund, but losses from its recent investments could run into the billions of dollars
Topic |   WeWork

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Japan’s SoftBank will take control of WeWork in a bailout plan that will see the office-sharing start-up’s co-founder Adam Neumann exit the board. Photo: AFP
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