SoftBank is backing out of its plan to buy $3 billion of WeWork shares, including nearly $1 billion from former CEO Adam Neumann

Business Insider

Published

· SoftBank is abandoning its plan to buy $3 billion worth of WeWork shares from other investors and employees, including some $970 million worth from company cofounder Adam Neumann, according to person with direct knowledge of the matter.
· The move likely means WeWork itself won't be able to tap into a $1.1 billion credit...

Full Article