SoftBank threatens to unravel $3-billion WeWork stock deal www.latimes.com

SoftBank Group Corp. told shareholders of WeWork that it could withdraw from an agreement to buy $3 billion of stock in the embattled co-working business, casting doubt on a deal that had been set to close in about two weeks.
Spokeswomen for SoftBank and WeWork parent company We Co. declined to comment.
The WeWork stock purchase was part of a rescue financing from SoftBank after WeWork’s failed initial public offering last year.
Executives at SoftBank had been looking to alter the stock agreement since at least November.
SoftBank’s stock is down 27% this month, and economists from Goldman Sachs Group Inc. and Morgan Stanley say a global recession is underway.