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WeWork sues SoftBank for dropping $3 billion tender offer

WeWork sues SoftBank for dropping $3 billion tender offer

A WeWork board committee has sued SoftBank Group for terminating a $3billion tender offer due to ’pending criminal and civil investigations’ surrounding the company and its co-founder Adam Neumann. The offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork. The lawsuit alleges that SoftBank had breached its contractual obligations by abandoning the tender offer.

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