Relevant:
- For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion
- SoftBank's Biggest Backers Balk at Planned $16 Billion Acquisition of WeWork
- WeWork Wins $4.4 Billion SoftBank Investment for Expansion (GREATER FOOL?)
- SoftBank reportedly plans to offer $5 billion in financing to WeWork without majority control, offering an alternative to JPMorgan's high-interest option
- SoftBank seeks to avoid WeWork's liabilities with new investment: sources
2019-10-22 — nytimes.com
SoftBank, a Japanese technology giant that is already the largest outside shareholder in WeWork, is offering to take a controlling stake by accelerating a $1.5 billion investment it had planned to make next year and by buying up to $3 billion in shares held by other investors, two people said. SoftBank is also offering to put together loans totaling $5 billion from a consortium of financial institutions, including itself.
JPMorgan's proposal consists of several parts, including new bonds, some of which would carry high interest rates, according to a person with knowledge of its plans. That package could add up to roughly $5 billion.
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