WeWork sues SoftBank after much-needed promised $3bn investment goes AWOL amid pandemic financial misery theregister.co.uk

WeWork sued SoftBank on Tuesday after the Tokyo-based holding company nixed its plan to purchase $3bn in shares of the struggling office-leasing biz.
The deal to buy WeWork shares was formulated when the struggling rental biz withdrew its IPO in September.
A revised deal with Softbank included a series of transactions including debt financing, accelerated funding, and the purchase of shares.
WeWork's effort to force SoftBank to purchase its shares won't work, SoftBank's spokesperson insisted.
"Nothing in the Special Committee’s filing today credibly refutes SoftBank’s decision to terminate the tender offer," SoftBank's spokesperson said.