A panel of independent board directors signals a willingness to take “all necessary actions” to ensure SoftBank’s follow-through on its $3 billion offer
Some WeWork directors are gearing up to fight SoftBank Group Corp.’s move to back away from part of its bailout of the shared-office provider, presaging what could be a fierce internal battle just as the startup grapples with fallout from the coronavirus pandemic.
Independent WeWork board members have spent recent days weighing their options, including legal remedies, after SoftBank indicated it would back out of a deal to spend up to $3 billion to buy shares from the company’s investors and employees.
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