UPDATE 6-SoftBank clinches WeWork takeover deal, bailing out co-founder

UPDATE 6-SoftBank clinches WeWork takeover deal, bailing co-founder out 3* SoftBank agrees to invest more than $10 bln to take over WeWork * Gives near $1.7 billion payoff to Neumann to relinquish control * Shares in SoftBank fell 2.5percent on Wednesday in Tokyo (Adds SoftBank shares, recasts) By Anirban Sen, Jessica DiNapoli and Jane Lanhee Lee Oct 23 (Reuters) – SoftBank Group agreed to invest more than $10 billion into…
News story posted on 2019-10-23T09:01:00.0000000Z