Masa Son invites WeWork to pursue the one thing that keeps her alive

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Two weeks after recognizing that he could choose not to do an extremely stupid thing, SoftBank formalized it: he will not spend an additional $ 3 billion after the $ 15 billion and will save Adam Neumann and the capital investors- risk of WeWork themselves and the terrible choices they (and SoftBank) made. Not because he can’t afford it; after all, Son can apparently just raise $ 41 billion at will. But because he doesn’t have to.

SoftBank said that the WeWork share purchase offer could not be closed because certain conditions were not met. SoftBank said this includes the failure to obtain antitrust approvals and the complete takeover of joint ventures in Asia. He also cited government investigations that began after the offer to buy the shares was signed in October.

Now, if WeWork thinks the only person standing between it and the extinction owes him more than the $ 5.5 billion Komucha soaked in social revolution become an office sublet in the past six months, well, he can sue him. And it could! It would be just the most amazing way to spend Masa Son’s money.

In a statement, the committee of independent directors on the WeWork board of directors said it was “surprised and disappointed” with SoftBank’s decision and “would assess all of its legal options, including litigation.”

SoftBank will not buy $ 3 billion in WeWork shares [NYT]
SoftBank says it will not buy the shares of Neumann, co-founder of WeWork [WSJ]

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