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SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating.
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets on companies using more of its ...
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of ...
A client asked recently for my view on Japanese conglomerate SoftBank Group and its substantial investment in WeWork.
WeWork is locked in negotiations this week with its largest shareholder, Softbank Group, over a new $1 billion investment to enable the shared office space company to go through a major restructuri… ...
SoftBank Group says it expects to see a $6.6 billion loss on WeWork investment held outside its Vision Fund.
The We Company (“WeWork” or the “Company”) and SoftBank Group Corp. (or “SoftBank”) today announced an agreement under which SoftBank commits to provi ...
SoftBank previously worked with WeWork to complete an earlier phase of the tender offer that allowed over 4,000 employees to reprice out-of-the-money stock options at lower strike prices ...
In December, a SoftBank-led group invested $9 billion in Uber, including buying stock from existing shareholders. SoftBank began including financial results for the Vision Fund during the fiscal ...
SoftBank Group is preparing to lose more than $6B from the Tokyo-based firm's investment bet on WeWork. On the portion of its WeWork investment held outside its Vision Fund, SoftBank said it ...
NEW YORK CITY—Softbank Group Corp. has confirmed that it is cutting its planned investment in shared office space provider WeWork Cos. from $16 billion to $6 billion.
Japanese technology company SoftBank Group lost more than $6 billion last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup ...
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