SoftBank said to take control of WeWork, Neumann to exit board

SoftBank said to take control of WeWork, Neumann to exit board

Signage is displayed on glass doors at the WeWork Cos. 32nd Milestone co-working space in Gurugram, India, on Monday, Feb. 18, 2019. Photographer: Ruhani Kaur/Bloomberg

SoftBank Group Corp. is taking control of WeWork, part of a rescue financing plan that will see founder Adam Neumann depart the company’s board, according to people familiar with the matter.

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