Market Overview

Report: T-Mobile's John Legere Could Be Next WeWork CEO

Share:
Report: T-Mobile's John Legere Could Be Next WeWork CEO

WeWork is in discussions with T-Mobile Us Inc (NASDAQ: TMUS) CEO John Legere to take over leadership of the office-sharing company, according to a Monday Wall Street Journal report.

After WeWork’s failed attempt at an initial public offering earlier this year, SoftBank Group Corp - ADR (OTC: SFTBY) ought a majority stake in the company in a bailout.

T-Mobile has proposed a takeover of Sprint Corp (NYSE: S) that was approved by the Justice Department in July, but faces legal challenges from multiple state attorneys general. 

The Wall Street Journal cited people familiar with the matter in the report on WeWork being in discussions with Legere. 

The company has severed all ties with its previous CEO Adam Neumann, and the startup is on the lookout for another leader.

WeWork was valued at $47 billion in a financing round, but just because an investor paid that price doesn't imply that is the true worth of the company, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon in a recent interview with CNBC.

T-Mobile shares were trading down 2.43% at $78.97 at the time of publication, while Sprint shares were down 3.85% at $5.87. 

Related Links:

'I Regret It In Many Ways:' SoftBank Chairman On WeWork Investment

WeWork Withdraws IPO

Photo courtesy of T-Mobile. 

Posted-In: Adam Neumann John Legere WeWorkNews Management Top Stories Media Best of Benzinga

 

Related Articles (JPM + S)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Credit Suisse: Chewy Boasts 6 Growth Drivers

D.R. Horton Q4 Earnings Outlook