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Softbank yanks $3 billion tender offer from WeWork rescue plan

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pagesix
2020-04-02 08:21:18

SoftBank is pulling the plug on a $3 billion tender offer as part of its rescue plan for embattled WeWork, sources told Page Six.The Wall Street Journal reported last month that SoftBank, which controls half the WeWork board, indicated it could exit the April 1 deal, because it claimed certain preconditions were not met — including issues involving regulatory probes. Independent members of ...

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