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by code4tee
2433 days ago
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So SoftBank is loading up We with huge amounts of debt to give it cash (vs a normal capital investment)? This smells like a leveraged buyout PE move. The whole side deal on bailing out Adam on his mega personal loans with the banks is interesting. Reporting suggests he effectively defaulted on those loans based on previous developments with We but banks gave him some time to sort things out before calling in the loans. This whole thing is going to make for an interesting book when the dust settles. |
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