Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
25 Oct 2019 Acquired The WeWork “Acquisition” (with Dan Primack)
“SoftBank does end up investing corporate, I believe, not the Vision Fund, $2 billion in WeWork at this point in time.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 25 Oct 2019
- Publisher
- Acquired
Transcript context
…Absolutely, yup. Yeah. So, the deal falls apart. SoftBank does end up investing corporate, I believe, not the Vision Fund, $2 billion in WeWork at this point in time. WeWork needs the cash. They’ve been grow-grow-grow, they bought the Lord & Taylor building for $850 million. And they’ve been making decisions. Remember, the bigger deal fell apart really at the last minute as far as WeWork was concerned. Think about the timing. Again, end of year Q4. That’s when you’re making all your plans for the next year. They expected to have the money. I don’t know whether they’re officially signing lease or not, but certainly had the engine running.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.