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October 23, 2019 03:11 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LluWdw4rWQk/
WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman
Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. The company also said it would accelerate an existing commitment to put $1.5 billion into the short-term […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LluWdw4rWQk/
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