WeWork founder threatens to sue SoftBank over scrapped $3B rescue deal

Andy Neumann was to pocket almost $1 billion.

Japanese tech conglomerate SoftBank Group said it had “no choice” but to go back on its offer to buy $3 billion in WeWork shares — money that would’ve mostly gone to shareholders.

Neumann was to personally pocket almost $1 billion in the process.

In response, a group of WeWork‘s board members said it was exploring its legal options, including litigation, according to The Guardian.

Still, SoftBank wants you to believe it’s confident that WeWork can turn things around, despite already sinking more than $14.25 billion into it.

A press release claimed that the termination of the offer will have no impact on WeWork‘s five-year plans, operations, customers, or even the vast majority of its current employees!