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SoftBank-backed WeWork halts new lease pacts with property owners amid widening losses

Infrastructure

27 September, 2019

SoftBank-backed WeWork halts new lease pacts with property owners amid widening losses

WeWork is halting all new lease agreements with property owners as the U.S. office-sharing startup looks to curtail costs, the...

SoftBank may pump $1 bn more into troubled office-sharing startup WeWork

Infrastructure

26 September, 2019

SoftBank may pump $1 bn more into troubled office-sharing startup WeWork

SoftBank Group Corp is planning to pump an extra $1 billion or more into WeWork by renegotiating a warrant agreement ......

WeWork's Adam Neumann to quit as CEO after SoftBank push

People

25 September, 2019

WeWork's Adam Neumann to quit as CEO after SoftBank push

WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank...

SoftBank turns against WeWork CEO Adam Neumann

People

23 September, 2019

SoftBank turns against WeWork CEO Adam Neumann

Japan's SoftBank Group Corp, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann...

Airbnb plans stock market splash next year

TMT

20 September, 2019

Airbnb plans stock market splash next year

Home rental giant Airbnb said it plans to list its shares in 2020, making it one of the most high-profile ......

SoftBank-backed WeWork postpones IPO as investors turn cold

TMT

17 September, 2019

SoftBank-backed WeWork postpones IPO as investors turn cold

WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end ......

SoftBank-backed WeWork considers IPO valuation of as low as $10 bn

Markets

14 September, 2019

SoftBank-backed WeWork considers IPO valuation of as low as $10 bn

WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and ......

SoftBank urges WeWork to shelve IPO over valuation concerns

TMT

10 September, 2019

SoftBank urges WeWork to shelve IPO over valuation concerns

SoftBank Group, a top shareholder in the holding company of U.S. office-sharing startup WeWork, is urging it to shelve a ......

SoftBank-backed WeWork files for IPO, reports $700 mn loss in 2019 first half

Infrastructure

14 August, 2019

SoftBank-backed WeWork files for IPO, reports $700 mn loss in 2019 first half

WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial...

WeWork teams up with CDPQ's Ivanhoé Cambridge for real estate investment platform

Infrastructure

15 May, 2019

WeWork teams up with CDPQ's Ivanhoé Cambridge for real estate investment platform

Shared office space company WeWork’s owner, The We Company, on Wednesday set up a new real-estate investment platform, Ark,...

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