Morrison & Foerster is advising SoftBank Group Corp. as the largest investor in WeWork, the leading flexible space provider, in connection with WeWork’s agreement to merge with BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU and BOWXW) (“BowX”), a special purpose acquisition company (SPAC), which will take the company public. The transaction values WeWork at an initial enterprise value of approximately $9 billion.
The MoFo deal team representing SoftBank in the transaction is led by corporate partners David Slotkin (Washington, D.C.) and Omar Pringle (New York), with support from San Francisco corporate partners Eric McCrath and Suz Mac Cormac, Palo Alto litigation partner Erik Olson, and New York corporate associates Joseph Sulzbach, Mara Goodman, and Miles Gilhuly. The wider team included tax partners Anthony Carbone (New York) and Bernie Pistillo (San Francisco), tax of counsel Dave Sturgeon (New York), and executive compensation partner Amanda Hines Gold (San Francisco).
Read more about the transaction in WeWork’s press release.
Read more about MoFo’s SPAC practice.