NEW YORK -- WeWork announced on Tuesday that it had accepted a $9.5 billion rescue package from Japan's SoftBank Group that would give its biggest investor an over 80% economic interest in the troubled office space company but not voting control.
The rescue package marks the end of an era for WeWork, which was forced to pull a planned public share offering last month and is now valued in the bailout at around $8 billion, versus the $47 billion that a fund-raising valued it in January.
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