SoftBank mobility company, WeWork with the acquisition of 80% of

I finally got a real estate company places of work of the joint WeWork on funded save her from the spectre of bankruptcy for the acquisition of a large share of them. Where the company to SoftBank of Japan for the payment by the new funding of $ 5 million dollars added to the share of the former of the company at $ 10 billion.

Will SoftBank estimated amount into two parts, the first $ 3 million going to existing shareholders and employees to buy their shares, and $ 1.5 million will create the future of the company and accelerate its work.

Although Softbank now has 80% of WeWork, but they wouldn’t have the strength of a vote of the great and in the decisions of the company. Nevertheless, it will be Marcelo Claure chairman of the Department of administrative experience of the former in the company Sprint Communications.

Will be the co-founder and the current CEO Adam Neumann on the $ 1.7 million dollars to the company and be an observer in the board of directors without vote, and there will be no changes to the level of executives and assistants.

It was the last period of difficult company WeWork where the value of period of period about 50 million, but it began to lose money and the value rapidly where I lost $ 900 million just this year. which is what brought it to the brink of bankruptcy and make them looking for the saviour of Mali.

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