"SoftBank Group" has been accused of canceling the measure to buy up to 300 billion yen of shares announced as a support measure for "WeWork", a major share office in the United States. WeWork announced that it has settled by paying approximately 170 billion yen to its shareholders.
In October, the SoftBank Group will purchase up to $ 3 billion worth of shares from shareholders at the rate at that time, as a support measure for WeWork, a major share office in the United States whose management has deteriorated at the investment destination. We have announced measures, but in April last year, we announced a policy to cancel the plan.
In response, WeWork's founder and a special committee set up on the board of directors have filed a lawsuit in an American court seeking a scheduled purchase.
The SoftBank Group settled the case on the 25th of last month by paying WeWork's founder, special committee, and other shareholders a total of approximately $ 1.6 billion, or JPY 170 billion. Was announced.
WeWork's demand for shared offices is declining due to the impact of the new coronavirus, and there are concerns about its impact on management, but the SoftBank Group wants to focus on rebuilding its management by separating the proceedings.