SoftBank Drops Plan To Pump $3 Bn Into WeWork
April 2, 2020
Japanese global tech investor SoftBank Group said on Thursday it had terminated a deal to buy up to $3 billion WeWork shares as part of a restructuring of the office-sharing startup.
The company said “certain conditions to the tender offer were not satisfied” but added the decision would have “no impact on WeWork’s operations, customers, five-year business and strategic plan, or the vast majority of WeWork’s current employees.”