Wework

What led WeWork to accept SoftBank offer

Infrastructure

25 October, 2019

What led WeWork to accept SoftBank offer

Just a few months ago, WeWork’s co-founder Adam Neumann was being courted by Wall Street’s top investment bankers...

Infrastructure

25 October, 2019

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value ......

Infrastructure

24 October, 2019

WeWork plans to lay off nearly a third of global staff

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put ......

Infrastructure

22 October, 2019

WeWork board accepts SoftBank rescue deal

WeWork’s board has accepted a takeover plan proposed by SoftBank Group, handing control of the office-sharing startup to...

Infrastructure

21 October, 2019

SoftBank to skip WeWork's lease obligations with new funding lifeline

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the...

Finance

18 October, 2019

Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

The $100 billion Vision Fund of Japan’s SoftBank Group Corp (9984.T) has in just over two years burned through much ......

Infrastructure

10 October, 2019

WeWork India fights for funds after talks with ICICI Bank collapse

WeWork India, operated by real estate developer Embassy Group, saw talks to raise $100 million from Indian lender ICICI Bank ......

Finance

07 October, 2019

SoftBank CEO Masayoshi Son says "embarrassed" by track record

SoftBank Group CEO Masayoshi Son said he is "embarrassed and flustered" by his track record, in comments to Nikkei Business...

Finance

04 October, 2019

WeWork woes hit Softbank's plans for second Vision Fund

Softbank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in ......

Infrastructure

01 October, 2019

SoftBank-backed WeWork to formally withdraw ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after ......

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