Supply Chain Council of European Union | Scceu.org
Procurement

WeWork’s Board Prepares for a Fight as SoftBank Gets Cold Feet

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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