SoftBank Says It Won’t Buy WeWork Co-Founder Neumann’s Shares www.wsj.com

SoftBank Group Corp. terminated an offer to pay up to $3 billion for shares in office-space provider WeWork, depriving co-founder Adam Neumann of a potential windfall of nearly a billion dollars.
Tokyo-based SoftBank said Thursday its move wouldn’t affect operations of the troubled shared-office company.
SoftBank said it has committed $5.45 billion in capital to WeWork since October 2019.