CEO Adam Neumann has divested a total of $700m in shares of SoftBank-backed co-working space provider The We Company to undisclosed buyers.
Adam Neumann, co-founder and CEO of The We Company, the US-based workspace provider backed by corporates including telecommunications group SoftBank, has sold more than $700m of his shares, the Wall Street Journal reported.
The buyers have not been disclosed but Neumann divested the shares over the course of a number of years, through a combination of sales and borrowing against their value. He remains the company’s largest shareholder.
The We Company’s lead brand is shared workspace network WeWork, but it…
