Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)
“I think the real reason is—pure speculation—I don’t think SoftBank wants to consolidate WeWork’s financials on their balance sheet.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 25 Oct 2019
- Publisher
- Acquired
Transcript context
…I don’t think that covers it, even the minority stake. For example, they had to go through CFIUS for their Uber deal. Yeah. I don’t think that’s the real reason. I think the real reason is—pure speculation—I don’t think SoftBank wants to consolidate WeWork’s financials on their balance sheet. Remember, the balance sheet of this company is enormous liabilities while these leases. SoftBank has a lot of death that they have taken out of the corporate entity. Remember, they’re a telecom provider. They have debt. That debt is basically junk bond rated [...]. They’re one of the most highly-leveraged companies that exist. If you look at it, they would make a privately equity person blush.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.