SoftBank to take control of WeWork at less than $8B valuation

WeWork has reached an agreement to be purchased by SoftBank Group, in a deal that will value the embattled office-space company under $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 talks

source https://therealdeal.com/national/?p=210762&preview=true