SoftBank has decided to pull the plug on WeWork’s bailout deal, after the latter announced on Thursday that SoftBank won’t be buying $3 Bn WeWork shares from its existing shareholders.
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The news comes as a major setback for WeWork’s existing shareholders including former CEO Adam Neumann, since they were hoping to earn handsome…
WeWork on Monday finally gave into the market pressures as the company’s parent organization announced to delay its controversial IPO launch. The Co-working giants’ parent company The We Company said that it is withdrawing the S1 filing for its IPO launch. The company did not disclose any timeline about when it plans to re-fill for…
