In addition to giving WeWork some much-needed funds, the potential takeover could result in Adam Neumann falling even further from grace
, the SoftBank offer would also include $5 billion in debt financing and accelerate a $1.5 billion equity investment scheduled for next year. The deal would give SoftBank a majority stake in the company, which Reuters reports could fall anywhere between 60 and 80% depending on the results of the tender offer, and would likely see SoftBank Chief Operating Officertake over as board chairman.
The fundraising Hail Marys come as WeWork takes drastic measures to dig itself out of its financial hole. Following WeWork's catastrophic IPO—a time when, as one executive, the internal mood was “an all-around shitshow”—Minson and Gunningham have started making major reforms, from firing Neumann's cronies and unloading his
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