SoftBank reaches settlement with former WeWork CEO Neumann
SoftBank Group Corp said on Friday it has reached a settlement with WeWork`s special committee and the company`s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019.
SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann`s payout from SoftBank. Source: Reuters