SoftBank terminates $3B tender offer for WeWork shares

SoftBank Grouphas pulled a $3 billion tender offer for WeWorkshares citing closing conditions not being met.
The investment behemoth had been rumored to be getting cold feet when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders.
Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1 billion for