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From the article: > the co-working company and SoftBank agreed to a set of performance milestones that WeWork agreed to meet in exchange for the secondary liqu
by cmroanirgo 7y ago
From the article:
> the co-working company and SoftBank agreed to a set of performance milestones that WeWork agreed to meet in exchange for the secondary liquidity. Such terms are customary in most financial transactions... SoftBank in its statement last week said that WeWork failed to meet a number of those performance requirements, and said that it was within its rights under the tender offer contract to walk away from the deal.