WeWork sues SoftBank for reneging on $3bn tender offer

Linda J. Dodson

NEW YORK — WeWork filed a lawsuit Tuesday against SoftBank Group that accuses the Japanese investment powerhouse of breach of contract after it walked away from its promised $3 billion tender offer. The legal complaint, filed in Delaware by WeWork parent The We Company, is also alleging SoftBank breached its fiduciary duty to WeWork’s minority stockholders.  Referring to SoftBank’s backtracking […]