WeWork in talk with work with T-Mobile’s John Legere as CEO: WSJ

WeWork in talk with work with T-Mobile’s John Legere as CEO: WSJ

FILE PHOTO: T-Mobile CEO John Legere speaks with guests during their business’s Un-carrier 9.0 occasion in New York, March 18,2015 REUTERS/Eduardo Munoz

( Reuters) – WeWork is in talks with T-Mobile United States Inc ( TMUS.O) Chief Executive Officer John Legere to take over as the head of the office-sharing start-up, the Wall Street Journal reported here on Monday, mentioning individuals knowledgeable about the matter.

The talks come weeks after SoftBank Group (9984 T) spent more than $10 billion to take control of WeWork, consisting of a $1.7 billion reward to its co-founder Adam Neumann to relinquish control.

WeWork did not instantly react to Reuters demand for remark.

SoftBank Chief Operating Officer Marcelo Claure ended up being the executive chairman of WeWork parent The We Business, following the bailout by the Japanese firm.

Artie Minson, primary financial officer, and Sebastian Gunningham, vice chairman, currently work as the co-chief executives of The We Company.

SoftBank owns 80%of the distressed office-sharing startup, but has actually not combined the business on its books due to the fact that it will not hold a bulk of voting rights.

SoftBank has 4 board seats on the company’s broadened 10- member board. The startup is trying to find a new leader who might sign up with as soon as January, the WSJ report said.

Reporting by C Nivedita in Bengaluru; Modifying by Arun Koyyur

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