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WeWork’s Valuation plummets to $8 billion

WeWork’s Valuation plummets to $8 billion

The valuation of WeWork will now fall to $8 billion after it accepted a bailout offer from its largest shareholder, Japanese investing conglomerate SoftBank. This is an 83% decline from the $47 billion valuation the company received in January. In the new set up, SoftBank will control as much as 70% or more of WeWork, while former CEO Adam Neumann’s stake will go down to low double digits.

Simone
Simone
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