It took a day for WeWork’s CEO to recover from the shock of a $16 billion SoftBank investment falling apart
|01/13/2019||Posted by BusinessMediaguide.Com under General World News||
- WeWork, the coworking-space startup that just changed its name to The We Company, was recently informed it wouldn’t receive the full $16 billion investment it was expecting from SoftBank.
- Plans for the major investment reportedly upset some of SoftBank’s government-supported financial backers in Saudi Arabia and Abu Dhabi, who questioned putting so much capital into a startup that was losing money.
- It reportedly took only a day for Adam Neumann, CEO of The We Company, to shake off the blow and resume negotiations with SoftBank to hammer out a revised deal for $1 billion in new capital read more >>>