It’s a rare occurrence, but Softbank’s investors said no. In this case, it was a majority takeover of WeWork for $16 billion that would have been a step too far. The potential deal, championed by the Japanese investment firm’s head Masayoshi Son, was reportedly squashed by investors concerned about the co-working firm’s astronomical valuation and its potential exposure in the event of a downturn. The Saudi Arabia and United Arab Emirates sovereign wealth funds, which […]
source https://therealdeal.com/2018/12/19/softbanks-investors-pump-the-brakes-on-a-wework-takeover/
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