SoftBank reportedly preps a package to take control of WeWork parent company

Jonathan Shieber
SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank Group, the multibillion-dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company The We Company, just weeks before the co-working real estate company's imminent collapse, The Wall Street Journal reports. With the collapse of the company's planned initial public offering, The We Company is facing a cash crunch. The company was planning to raise billions of dollars in debt on the heels of its public offering to finance its continued operations.