WeWork sues SoftBank for breach of contract
WeWork sues SoftBank for breach of contract SoftBank claims it has legitimate cause to withdraw from the agreement When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works. Co-working real estate firm WeWork is suing SoftBank and its Vision Fund for breach of contract, after the Japanese conglomerate withdrew from a deal that would have seen it become majority shareholder. SoftBank announced last week it would retract its $3 billion tender offer, agreed as part of a rescue package designed to prevent WeWork becoming insolvent after a catastrophic IPO saw the firm’s valuation plummet by over 75%....