TOKYO - SoftBank Group Corp. will provide up to $9.5 billion to the U.S. operator of co-working space WeWork as part of a bailout package to rebuild the embattled firm, the two companies said Wednesday.SoftBank will own about an 80 percent stake in New-York based We Company once the funding deal is closed. But it will not hold a majority of voting rights and the operator will not become a subsidiary, they said.Under the agreement, SoftBank's Chief Operating Officer Marcelo Claure will be appointed executive chairman of We Company's board of directors to replace Adam Neumann, the founder of…READ FULL ARTICLE
