WeWork Israeli co-founder pushed aside in $5B SoftBank takeover
WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside its Israeli co-founder Adam Neumann and his grandiose vision of changing the world through communal working.
WeWork said in a statement that Japanese tech conglomerate SoftBank will infuse the We Company with more than $5 billion in urgently needed capital.
Neumann reportedly would walk away with nearly $2 billion to sever most of his ties to the company.
