© Reuters. The logos of SoftBank and WeWork are displayed in front of SoftBank’s new headquarters building in Tokyo

(Reuters) – SoftBank Group Corp said on Friday it had 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.

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