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Posts tagged with "WeWork"

BUSINESS

Softbank Puts $9 Billion Losses as Vision Fund Investments Plunge

May 18th, 2020

SoftBank Group racked up a loss of USD 9 billion for the fiscal year through March.

News

SoftBank Group Forecasts USD 7bn Net Loss in 2019 Financial Year

April 14th, 2020

SoftBank Group forecast a USD 7-billion net loss for the year ended March amid coronavirus impact.

BUSINESS

WeWork sues SoftBank for backing out of $3 billion Investment deal

April 7th, 2020

WeWork sued SoftBank after the Japanese investment group announced backing out of a USD 3 billion investment deal.

BUSINESS

WeWork troubles deepen as SoftBank pulls its $3 billion tender offer

April 4th, 2020

SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.

News

WeWork Appoints Indian Origin CEO to start fresh chapter

February 3rd, 2020

Sandeep Mathrani, a real estate industry veteran appoint as a WeWork CEO.

ACQUISITION

WeWork Completed Sales of Teem and Minority Stake in The Wing

January 23rd, 2020

Leading Coworking space WeWork has completed the sales of Teem and its minority stake in The Wing.

Story

Masayoshi Son, Tech Visionary or Robber Baron?

December 23rd, 2019

SoftBank's bad year goes well beyond WeWork Investors are starting to get the feeling that whatever Son brings to the public is troubled.

FUNDING

WeWork Raises Funding from SoftBank Group

October 23rd, 2019

WeWork and Softbank reached to an agreement where softbank will provide additional funding to Wework.

News

Softbank could take control of WeWork

October 16th, 2019

Softbank could take control of WeWork as part of a financial package to address the company's cash crunch.

News

WeWork CEO Adam Neumann decided to Step down

September 25th, 2019

WeWork CEO Adam Neumann decided to Step down amid standoff with Softbank and other investors after delay in IPO launch.

BUSINESS

SoftBank Turns against WeWork's parent CEO Neumann

September 23rd, 2019

Japanese VC firm Softbank a leading investor in Coworking startup WeWork decided to act against company's CEO Adam Neumann after company postponed its initial public offering.

Market

WeWork Delayed IPO Launch by End of 2019

September 21st, 2019

New York based Coworking company WeWork, also known as WE will launch its IPO in the end of Year 2019.

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