Dumped WeWork co-founder could reap $500m from Spac deal

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Dumped WeWork co-founder could reap $500m from Spac deal Financial TimesView Full coverage on Google News

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WeWork Co-founder Adam Neumann and SoftBank are nearing a settlement agreement.WeWork Co-founder Adam Neumann and SoftBank are nearing a settlement agreement.

WeWork co-founder and former Chief Executive Adam Neumann is in advanced talks to settle a high-profile legal fight with SoftBank Group Corp. by agreeing to a nearly $500 million cut in his payout from the shared-office-space company's new owner, a move that would help clear the way for WeWork's second attempt at a public listing.WeWork co-founder and former Chief Executive Adam Neumann is in advanced talks to settle a high-profile legal fight with SoftBank Group Corp. by agreeing to a nearly $500 million cut in his payout from the shared-office-space company's new owner, a move that would help clear the way for WeWork's second attempt at a public listing.

WeWork co-founder and former Chief Executive Adam Neumann is said to be in advanced talks to settle a high-profile legal fight with SoftBank Group Corp but it would see his package cut by $500mil.WeWork co-founder and former Chief Executive Adam Neumann is said to be in advanced talks to settle a high-profile legal fight with SoftBank Group Corp but it would see his package cut by $500mil.

Ousted WeWork co-founder Adam Neumann reaches settlement that cuts golden parachute by $500 million | Daily Mail Online

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A legal dispute has been a key hurdle to taking WeWork public.A legal dispute has been a key hurdle to taking WeWork public.

WeWork co-founder and former Chief Executive Adam Neumann is nearing a settlement with SoftBank Group Corp that could include a nearly $500 million cut in his payout from the office space-sharing company’s new owner, according to a person familiar with the matter. WeWork co-founder and former Chief Executive Adam Neumann is nearing a settlement with SoftBank Group Corp that could include a nearly $500 million cut in his payout from the office space-sharing company’s new owner, according to a person familiar with the matter.

WeWork Co-founder Neumann Nears Settlement With SoftBank - Source