WeWork’s Adam Neumann offered package worth up to $1.7 billion to step down…
SoftBank reveals $9.5B WeWork deal
Japanese conglomerate SoftBank will take an 80% stake in WeWork as part of its $9.5 billion rescue deal. Former CEO Adam Neumann, who leaves with $1.7 billion and almost no role at the office-leasing startup he founded, will be replaced by SoftBank executive and newly appointed executive chairman Marcelo Claure. The agreement, which comes after a botched IPO last month, values the company at about $8 billion, down from $47 billion earlier this year.
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