WeWork’s Updated Bankruptcy Exit Strategy: Yardi Takes 60% Stake, SoftBank’s Role Diminished
Allwork
APRIL 30, 2024
Afterwards, an additional $400 million will be allocated to cover various restructuring and bankruptcy exit expenses. According to a report published by Bloomberg , if the restructuring is carried out, the Japan-based conglomerate SoftBank, previously WeWork’s largest lender and investor, will see its equity reduced to approximately 16.5%.
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