People familiar with the matter say that the deal sets Neumann apart from other WeWork shareholders
The deal calls for SoftBank to shell out the 41-year-old the $50million payout and also extend a $430million loan it had given him in late 2019 by five years
Neumann's legal fees will also be paid by SoftBank
The terms still being discussed would see SoftBank spend $1.5bn to buy shares of early WeWork investors and employees, including $500m from Neumann
But the original plan would have seen $1bn of Neumann's shares purchased
SoftBank took a majority stake in WeWork after its attempted initial public offering collapsed in 2019