Wework Founder Misses Out On $1 Billion As Softbank Cancels Share Buyout

CNN.com - RSS Channel - App Tech Section, CNN: Technology
Thu, 04/02/2020 - 1:33am

SoftBank is walking away from a sizeable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam Neumann.

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Topics:  technology   
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BING NEWS:
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    During a hearing in Newark in New Jersey, John Sherwood, a bankruptcy judge, signed off on the New York-based, SoftBank-backed ... lenders and cancel its $4 billion in debt.
    04/29/2024 - 10:49 am | View Link
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    04/23/2024 - 9:56 am | View Link
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    The SoftBank ... 3 billion of debt into equity. SoftBank, which currently owns about 70% of the company, would retain an equity stake under the proposed restructuring. Meanwhile, WeWork co-founder ...
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