SoftBank attempted to delay WeWork's $3 bn share purchase: Court filing

Topics SoftBank | Masayoshi Son | WeWork


By Joshua Franklin and Anirban Sen (Reuters) - SoftBank Group <9984.

T> CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed. The transcript, part of a Delaware court filing, provides new details on the decision by SoftBank to scrap a $3 billion tender offer to repurchase stock from existing shareholders, including.....

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