How SoftBank made WeWork an offer it had to accept www.independent.co.uk

WeWork, SoftBank and JPMorgan declined to comment for this story.
SoftBank offered $9.5bn to WeWork, including new debt and recommitted equity, as well as a tender offer to partly cash out Neumann and other shareholders.
Neumann attempted to push up the valuation of the tender offer in his negotiations with SoftBank, one of the people said.
But SoftBank told WeWork's board that it would not pay the $1.5bn if its financing offer was rejected, two of the people added.
SoftBank had made WeWork an offer it had to accept.