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The Oracle of Omaha isn’t taking as many risks as he used to.

Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.

SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019.

SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann's payout from SoftBank. The legal tussle between SoftBank and Neumann started in 2019, when SoftBank agreed to buy around $3 billion in WeWork stock belonging to Neumann as well as current and former WeWork employees.

Read more about SoftBank reaches settlement with ex-WeWork CEO Neumann, ends legal battle on Business Standard. SoftBank Group has reached a settlement with WeWorks special committee and the companys co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019

Michael Kovac/Getty Images for WeWork Adam Neumann will leave WeWorks board for a year if a planned settlement with Softbank happens, Bloomberg reported. The deal with SoftBank also includes a $50 million payout to Neumann, WeWorks cofounder, The WSJ reported. This is on top of about $500 million he would get from SoftBank buying shares, as reported by the Journal Monday. WeWork cofounder Adam Neumann stepped down as CEO in 2019 following intense public scrutiny �...

Dumped WeWork co-founder Adam Neumann could reap US$500m ahead of Spac deal 24 Feb, 2021 12:37 AM 4 minutes to read Financial Times By: Andrew Edgecliffe-Johnson, Eric Platt and James Fontanella-Khan Adam Neumann could reap almost US$500 ($680m) in cash from his holdings in WeWork and emerge with a stake in a public company, less than 18 months after the high-profile failure of its initial public offering cost him his job as chief executive. SoftBank is in advanced talks with ...

SoftBank-backed robotics firm Berkshire Grey said on Wednesday it has agreed to go public through a merger with a blank-check firm in a deal that values the combined company at $2.7 billion. The deal is expected to provide Berkshire Grey about $413 million in cash, as the maker of logistics automation systems looks to take advantage of a surge in online shopping amid the COVID-19 pandemic. The proceeds include a private investment of $165 million anchored by venture capital investor Chamath ...

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.

Read more about WeWork co-founder Adam Neumann nears settlement with SoftBank: Report on Business Standard. The settlement would put to rest a prolonged legal battle between Neumann and Softbank, which dates back to 2019 when WeWorks IPO plans fell apart