WeWork rescue ‘hands co-founder Adam Neumann $1.7bn payout’
Image copyright WeWork
Struggling property firm WeWork has reportedly accepted a rescue deal with a generous payout for controversial co-founder Adam Neumann.
The deal will see current investor, Japanese firm Softbank, buy billions more dollars worth of WeWork shares, including almost $1bn from Mr Neumann.
The agreement, which also includes $5bn in debt financing, gives Softbank control of the…