WeWork co-founder pushed aside in $5B SoftBank takeover

In this Oct. 6, 2019, photo people walk by WeWork offices in Dublin, Ireland. The Wall Street Journal is reporting on Tuesday, Oct. 22, that WeWork is being taken over by the Japanese investment bank that invested billions in the company before its botched effort to go public. (AP Photo/Mark Lennihan)

FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. The Wall Street Journal, citing sources it did not identify, reported Tuesday, Oct. 22, 2019, Neumann will walk away with close to $2 billion from Japan’s SoftBank Group if he severs ties with the company. (AP Photo/Mark Lennihan, File)

NEW YORK — WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside co-founder Adam Neumann and his grandiose vision of changing the world through communal working.