Re:SoftBank to take control of WeWork: Sources
by dodobirdlord on Tuesday October 22, 2019 @04:16AM
(#21321325)
Assuming WeWork ends up being worth $5B+, it's kinda impressive that Masayoshi Son comes out of this with Softbank owning much of WeWork and the Vision Fund investors being the ones getting burned.
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Re:SoftBank to take control of WeWork: Sources
by Danieru on Tuesday October 22, 2019 @05:51AM
(#21321840)
Except the vision fund is structured as debt for the outside money. Softbank takes the profit and loss minus interest payments on the debt. Thus the vision fund is more like a leveraged softbank.