Neumann settlement

Discussion in 'Wall St. News' started by dealmaker, Feb 23, 2021.

  1. dealmaker

    dealmaker

    Neumann settlement

    WeWork co-founder Adam Neumann is reportedly close to a settlement with SoftBank that would see the Japanese conglomerate buying out the shares of early WeWork investors and employees for $1.5 billion-ish. That's about half what was originally agreed, and Neumann would only get half of the nearly-$1 billion that he was previously in line for. Wall Street Journal