SoftBank abandons $3 billion WeWork share purchase deal

Business / Corporate Apr 2, 2020

SoftBank abandons $3 billion WeWork share purchase deal

SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board. SoftBank had agreed to buy the shares from ...