SoftBank lays ground to abandon $3 bln WeWork tender offer - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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SoftBank lays ground to abandon $3 bln WeWork tender offer

In a notice to WeWork shareholders, SoftBank cited ongoing investigations into WeWork's business by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, as well as a delay in recapitalizing WeWork's joint venture in China, as obstacles to the tender offer being completed.

from Small Biz-Economic Times
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