SoftBank Seeks Control of WeWork Through Financing Package: Source

SoftBank Seeks Control of WeWork Through Financing Package: Source
The logo of SoftBank Group Corp. is displayed at SoftBank World 2017 conference in Tokyo on July 20, 2017. Issei Kato/Reuters
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SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc. that would give it control over the shared office space company, a person familiar with the matter said.

The package would significantly increase the stake of SoftBank, which already owns around one-third of WeWork, and further dilute the influence of co-founder Adam Neumann, said the person, who declined to be identified because of the sensitivity of the matter.