The Japanese investor SoftBank Group has decided to withdraw its offer of USD 3 billion (€2.7 billion) to buy the shares of The We Company, the parent of WeWork.
In March, SoftBank informed shareholders that the conditions for carrying out the agreement had not been met and that it was considering not going ahead with the deal. On Thursday, the date the term expired, the Japanese firm confirmed that it was withdrawing its offer, citing five conditions that have not been fulfilled.
