(Bloomberg) -- SoftBank Group will this week begin a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by WeWork cofounder Adam Neumann, two people familiar with the matter said.
- Tender offer will go ahead based on the previously announced terms of $19.19 per WeWork share as soon as Monday
- No talks between SoftBank and WeWork about changing terms of the offer, which may have opened up SoftBank to lawsuits from Neumann and others, after company executives sought a way to reduce the size of the offer, including limiting the amount paid to Neumann, the people said
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