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SoftBank Execs Discuss Trimming WeWork Offer and Adam Neumann Payout

(Bloomberg) — Executives at SoftBank are looking for a way to reduce the size of a $3 billion offer for WeWork stock as part of its rescue package, as the office-sharing behemoth makes wide-ranging cuts to staff.The discussions at SoftBank center around shrinking a $3 billion tender offer for WeWork shares owned by founders, employees and investors, according to people with knowledge of the talks. Such a move would be designed, at least in part, to limit the amount paid to co-founder Adam Neumann, said the people, who requested anonymity because the matter is private.It’s unclear how SoftBank could renege …read more […]

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Business News

House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year

U.S. House Democrats said on Thursday they ironed out some differences with the White House over a trade agreement with Canada and Mexico, and Congress could still vote on the deal – one of President Donald Trump’s top priorities – this year.

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