Remember WeWork?
SoftBank Group has scrapped a deal to spend $3 billion to buy WeWork stock from former CEO Adam Neumann and other shareholders in the coworking space company, which it had agreed to as a bailout package following the company's botched IPO attempt. SoftBank said it was dropping the deal because several conditions had not been met, despite legal threats from some board members. Bloomberg
SoftBank Group has scrapped a deal to spend $3 billion to buy WeWork stock from former CEO Adam Neumann and other shareholders in the coworking space company, which it had agreed to as a bailout package following the company's botched IPO attempt. SoftBank said it was dropping the deal because several conditions had not been met, despite legal threats from some board members. Bloomberg