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by achow
2439 days ago
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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 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/wew... |
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