Thread regarding WeWork layoffs

CoronaVirus - the final nail in WeWork's Coffin

It's sad, and I really think that this will be the final nail. Good luck all.

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SoftBank Group has pulled a $3 billion tender offer for WeWork shares citing closing conditions not being met.

The investment behemoth had been rumored to be getting cold feet when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders.

Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1 billion for his shares in the co-working company. The former CEO had already been forced out at that stage after public markets balked over his managerial acumen, as we reported at the time.


Toni Helton
3866 Rocket Drive, Minneapolis, MN 55404

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