Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)
“What we do know is that by the time we get to now, he has, I believe, it’s a $500 million loan facility personally from JP Morgan backed by his WeWork shares, which is effectively a way to be selling without actually selling your shares.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 25 Oct 2019
- Publisher
- Acquired
Transcript context
…They were employee tenders. I’m told, at least, that there is some debt stuff too at JP Morgan, but in general, every time he sold shares, it was part of an employee tender. He was selling at the same price as they were but just he just had a lot more stock. What we do know is that by the time we get to now, he has, I believe, it’s a $500 million loan facility personally from JP Morgan backed by his WeWork shares, which is effectively a way to be selling without actually selling your shares. $500 million, that’s a lot of money.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.