San Francisco, Nov 17 (SocialNews.XYZ) Co-sharing workspace company WeWork was reportedly in talks with T-Mobile's CEO John Legere after the ouster of co-founder Adam Neumann but Legere has no plans to leave his current company, media reports said.
Earlier this week, the T-Mobile CEO's name popped up as a possibility to take over the top spot at WeWork.
However, subsequent rumours said that he was just one of the potential replacements, while reports now said that Legere isn't taking the job and has "no plans" to leave T-Mobile, Engadget reported on Saturday quoting CNBC.
Japan-based SoftBank is the controlling shareholder of Sprint, which is in the process of merging with T-Mobile, and is the majority owner of WeWork. Softbank infused $5 billion last month in new financing into the struggling WeWork.
In a statement, Softbank said it would provide up to $3 billion for the existing shareholders of WeWork. The deal will see Softbank stake increasing to 80 per cent in the company.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz