WeWork’s Ex-CEO Neumann Slams Post-Bankruptcy Strategy, Calling Projections “Unsustainable”
Allwork
APRIL 29, 2024
Moreover, SoftBank would still own at least 16.5% — with the potential for it to increase to 36% under the new deal. The proposal is reported to have backing from most owners of WeWork’s $4 billion in senior debt and a committee of unsecured creditors. Sherwood to reject the reorganization proposal.
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