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

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.

Topics:  wework   adam   neumann   founder   billion   softbank   
BING NEWS:
  • WeWork co-founder Adam Neumann bids to buy it back for more than $500m
    Former CEO of shared office space rental company has reportedly been in talks with investors Adam Neumann, the ousted co-founder of WeWork, has tabled a bid worth more than $500m (£395m ...
    03/26/2024 - 3:30 pm | View Link
  • Wework founder Adam Nuemann bids to buy co-working firm back for £394m
    Wework founder Adam Neumann has submitted a $500m (£394m) bid to buy back the troubled co-working business. Neumann submitted the offer but it was not immediately clear how he would finance the ...
    03/26/2024 - 12:44 am | View Link
  • SoftBank Posts $6.2 Billion Loss After WeWork Bankruptcy
    The Japanese investment company’s cumulative losses in WeWork total $14.3 billion ... the billionaire founder of SoftBank Group, said his decision to make a major investment in WeWork ...
    11/8/2023 - 10:32 pm | View Link
  • WeWork accepts multi-billion-dollar Softbank rescue deal
    WeWork has been thrown a multi-billion-dollar ... The deal will see Softbank increase its stake in the US office-space sharing start-up to roughly 80%. Co-founder Adam Neumann will leave the ...
    10/21/2019 - 1:00 pm | View Link
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