WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the embattled office-space company between $7.7 billion and $8 billion, people familiar with the matter told The Real Deal. The transaction will buy out earlier investors and shareholders, including the stake of former CEO Adam Neumann, who owns approximately one-third of the company, those sources said. It was unclear if agreement had been signed, and the high-level
source https://therealdeal.com/national/2019/10/21/softbank-to-take-control-of-wework-at-less-than-8b-valuation/
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