October 22, 2019
Softbank's takeover of WeWork looks like it's a done deal, according to The Wall Street Journal. As part of the deal, co-founder and former CEO Adam Neumann will step down from the board. Softbank reportedly sent Neumann out the door with $1.7 billion, which includes selling about $1 billion worth of stock to Softbank, a $500 million line of credit, and a $185 million consulting fee. Ian Wishingrad, Tech Analyst and the Founder and Creative Director of BigEyedWish -- an advertising and marketing agency joined Cheddar to discuss.