SoftBank may back out of part of its WeWork bailout

SoftBank may back out of part of its WeWork bailout

SoftBank is reportedly planning to walk away from part of its bailout of WeWork by not completing its $3 billion tender offer for the office space startup. SoftBank reportedly cited ongoing investigations into WeWork’s business by the US Securities and Exchange Commission, as well as a delay in recapitalizing WeWork’s joint venture in China, as obstacles to the tender offer being completed.

Simone

SoftBank May Not Buy $3 Billion in WeWork Shares

LEFTwww.nytimes.com

WeWork Abandons SoftBank, Pulls Part Of Rescue Package Over Federal Investigations

INDEPENDENTwww.zerohedge.com

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