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WeWork Wants to Become Its Own Landlord With Latest Spending Spree
WeWork is making an investment fund to raise billions of dollars to buy stakes in buildings where it’ll be a major tenant.
17 May 2019, 09:33 PM IST
(Bloomberg Businessweek) -- Adam Neumann runs one of the few startups on Earth for which $2 billion of fresh funding was, or ever could be, terrible news. Just before last Christmas, Masayoshi Son, Neumann’s most important investor, called to say that was his final offer and that their negotiations over an additional $16 billion for Neumann’s WeWork were over. Shares of Son’s SoftBank Group Corp. stock had dropped sharply a few days ...
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