WeWork co-founder nears settlement with SoftBank in lawsuit over scrapped US$3 billion bailout

Source: South China Morning PostWeWork co-founder Adam Neumann is in advanced talks to settle his lawsuit against the co-working company’s biggest backer SoftBank Group Corp, according to people familiar with the matter.Under the terms of the potential settlement, SoftBank would purchase half of the WeWork shares it originally agreed to buy in 2019, said one the people, who asked not to be identified because the talks are still private.That means Neumann would be able to sell close to US$500 million in stock, and that…Read More

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