Reuters was first to report how WeWork co-founder Adam Neumann, who was ousted from the company in 2019, helped set the spark for SoftBank Group Corp’s $9 billion deal to take WeWork public. Neumann met in November with the head of the special purpose acquisition company (SPAC) that would go on to clinch a deal with WeWork. Neumann had been locked in a fierce legal battle at the time with SoftBank over a $3 billion deal for a portion of his and other investors’ stake in the office space-sharing company. The ensuing deal, announced last week, cushions some of the blow SoftBank has suffered with its investment in WeWork.
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