SoftBank’s $3B payout to WeWork’s investors is delayed
After everything that’s happened at WeWork, shareholders now have a new worry. SoftBank is delaying a $ 3 billion tender offer for WeWork shareholders. In a letter WeWork sent to shareholders Nov. 8, and obtained by The Real Deal, the Japanese conglomerate’s offer would commence “within five business days of the completion” a $ 1.5 billion investment in the struggling office startup. That $ 1.5 billion payment was released to the company Oct. 30, which would have made
