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]