Daily Crunch: SoftBank throws WeWork a lifeline

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
1. WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman
Confirming earlier reports, The We Companyand SoftBank Group have agreed to a new capital infusion, which will see SoftBankcommitting $5 billion in new financing and issuing a tender offer for anothe