Property News · March 18, 2020

SoftBank may not complete $3 billion tender offer for WeWork, sources say


SoftBank had planned a $3 billion tender offer for WeWork shares, which were privately held, along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt. The financing package was meant to save WeWork from an impending cash crunch last year.

Source : cnbc.com
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