An Interest In:
Web News this Week
- April 1, 2024
- March 31, 2024
- March 30, 2024
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
Some of Our Sources
- BoingBoing
- Web Designer Wall
- Six Revisions
- TutsPlus - Design
- You The Designer
- Crazy Leaf Design
- My Ink Blog
- Fudge Graphics
- 24 Ways
- Stylized Web
Help Webnuz
Referal links:
April 3, 2020 06:42 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/NohuKT8E-sA/wework-founder-misses-out-on-1-billion-as-softbank-cancels-share-buyout
WeWork Founder Misses Out on $1 Billion as SoftBank Cancels Share Buyout
SoftBank is walking away from a sizeable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam Neumann. From a report: The Japanese tech company has backed out of a plan to buy $3 billion worth of shares in the coworking startup from existing shareholders and investors, according to statements from SoftBank and a special committee of WeWork's board. SoftBank's chief legal officer, Rob Townsend, said in a statement on Thursday that the share purchase was subject to certain conditions agreed to in October. "Several of those conditions were not met, leaving SoftBank no choice but to terminate the tender offer," he said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/NohuKT8E-sA/wework-founder-misses-out-on-1-billion-as-softbank-cancels-share-buyout
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot