🦄 Startups & VC Apr 26, 2020 · Connie

October 22, 2019

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SoftBank founder Masayoshi Son vowed tonight to “double down” on its investment in WeWork as he confirmed plans for a $9.5 billion rescue package that will provide up to $1.7 billion to WeWork cofounder Adam Neumann in exchange for cutting most ties with the company and will give SoftBank an 80 percent stake in the business. In a statement tonight in New York, SoftBank said it would “accelerate” WeWork’s path to profitabi

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