Former WeWork CEO in talks to get nearly $500 million in SoftBank settlement

Neumann, who stepped down in late 2019 after a disastrous attempt to take WeWork public, could be eligible to sell nearly $500 million worth of his shares to SoftBank as part of a $1.5 billion stock buyback program for early WeWork employees and investors, according to a source familiar with the matter. The deal is not yet finalized. The deal is part of a settlement under discussion to resolve a long-simmering legal dispute between Neumann, WeWork and SoftBank after the Japanese conglomerate walked away from a $3 billion WeWork share purchase agreement. The terms of a possible settlement were first reported by the Wall Street Journal. A second

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