SoftBank to take control of WeWork at less than $8B valuation
SoftBank to take control of WeWork at less than $8B valuation
Updated Oct. 21, 2019 4:44 pm: WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the embattled office-space company between $7.7 billion and $8 billion, people familiar with the matter told The Real Deal. The deal would buy out some earlier investors and shareholders, and dilute the stake of former CEO Adam Neumann, those sources said. The final hour…