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All the details of SoftBank’s WeWork takeover: SoftBank to own 80% of WeWork, Neumann steps down, and SoftBank invests billions. The new chairman will address employees on Wednesday.

SoftBank on Tuesday night announced a deal to take over WeWork. The rescue plan, which comes weeks before WeWork was set to run out of money, includes a capital infusion and stock buyback from the Japanese investor. Marcelo Claure, SoftBank’s chief operating officer, will become executive chairman of WeWork’s board. […]
All the details of SoftBank’s WeWork takeover: SoftBank to own 80% of WeWork, Neumann steps down, and SoftBank invests billions. The new chairman will address employees on Wednesday.