Welcome to the Tech Meme Right Home for Tuesday, October 22nd, 2019. I'm Brian McCullough today.

Soft Bank is taking over We Work in order to save it.

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Comcast's free streaming box really isn't.

And how much does Dark Mode actually save in battery life?

Quite a bit it turns out.

Here's what you miss today in the world of Tech.

Well, they're all in now.

We Works Board of Directors has voted to approve a rescue offer from Soft Bank.

That means that Soft Bank is effectively taking control of the company.

As we said, the whispers were that We Work was weeks away from running out of cash.

In fact, in recent days, folks had been saying that the only reason there hadn't already been

massive layoffs at the company was because

Wework simply didn't have the cash on hand to pay the severance. J.P. Morgan Chase, the other major money bag propping up we work to this point,

had put together a bailout package of their own, but apparently the board chose to go with Massasan quoting the Wall Street Journal.

The deal is expected to value the company at about $8 billion, a far cry from what it was expected

to fetch an initial public offering earlier this year and even less than the 47 billion

dollars at which a January investment from Soft Bank pegged its worth.

As part of the deal, Soft Bank, which already owns about a third of the company, is to buy nearly

one billion dollars worth of stock in Weworks Parent from Mr. Newman, who was forced out as chief executive

after pushback from new investors scuttled the IPO.

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