SoftBank clinches deal to take over WeWork - sources

(Reuters) - SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.The deal represents a stunning reversal of fortune for the U.S. office-space sharing start-up, as well as its largest shareholder, SoftBank, which with the latest commitments will have spent more than $19 billion (£15 billion) on a company that is now..