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SoftBank Launches $3 Billion Tender Offer for WeWork Shares

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The Spectacular Rise and Fall of WeWork

SoftBank Group Corp. launched a long-awaited $3 billion tender offer for WeWork stock, according to people with knowledge of the matter.

The offer expires April 1, said one of the people, who requested anonymity because the matter is private. Representatives for SoftBank and WeWork declined to comment.