United States

techcrunch.com WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman

Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. The company also said it would accelerate an existing commitm…

Read also:

www.forbes.com Masayoshi Son Confirms Softbank Will ‘Double Down’ On WeWork In $5 Billion Rescue Dealwww.forbes.com