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Softbank Withdraws its Offer to Purchase WeWork’s Shares for €2.7Bn

The Japanese group has explained that many of the closing conditions had not been satisfied by the deadline of 1 April 2020.

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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.

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