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SoftBank

SoftBank reaches settlement with former WeWork CEO Neumann

Although SoftBank did not disclose the terms of the settlement, media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann's payout from SoftBank.   © Reuters

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.

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