SoftBank clinches deal to take over WeWork

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SoftBank clinches deal to take over WeWork

Doubling down on ill-fated investment.

SoftBank Group Corp agreed to spend more than US$10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday. The deal represents a stunning reversal of fortune for the ...

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