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Bengaluru/New York — Japan’s SoftBank, the biggest investor in WeWork owner the We Company, is exploring ways to replace Adam Neumann as CEO of the US office-sharing start-up, four people familiar with the matter said on Sunday.

The rare showdown between SoftBank and one of its biggest investments comes after the We Company postponed its initial public offering (IPO) last week, following pushback from perspective investors, not just over its widening losses, but also over Neumann’s unusually firm grip on the company...

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