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WeWork exterior
News

WeWork Tells Investors It Lost $3.2B In 2020 As It Angles For SPAC Deal

... $1B in a round of funding led by Japanese conglomerate SoftBank Group. Later in 2019, after WeWork's IPO failed to ... launch, SoftBank bailed WeWork out again, taking a controlling interest. The coworking ...

Mar 23, 2021
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Sam Altman, CEO of OpenAI, speaks at TechCrunch event in 2019.
News

OpenAI Says Microsoft Can’t Keep Up With Its Data Center Plans

... from Microsoft and Nvidia as well as major funds like Softbank and Abu Dhabi's state-backed investment vehicle MGX.  Microsoft ...

Oct 09, 2024
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burning money
News

WeWork Burned Half A Billion Dollars In Cash In Q3

The company's cash reserves, plus commitments from major investor SoftBank, now stand at about $3.6B, down from about $4. ... for coworking space doesn't improve in the interim.  Also, SoftBank may be less inclined to throw good money after bad ...

Nov 15, 2020
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CBRE
News

CBRE Creates $400M Blank Check Company For Future Acquisitions

... two-week roadshows for potential investors. SoftBank Vision Fund, the venture capital arm of SoftBank Group that drove billions of dollars of ...

Nov 09, 2020
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Grocery Store Aisle
News

FTC And Kroger Offer Dueling Narratives In Court Battle Over $25B Merger

... chains like Piggly Wiggly and Grand Union, which partnered with SoftBank to raise capital for what is estimated to be a ...

Aug 27, 2024
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smart city, smart cities, proptech, cre tech, technology, computers
News

The Beginner’s Guide To CRE Tech: 4 Factors Driving Major Venture Capital Investment In PropTech

... and $400M into home-buying and selling platform OpenDoor.  SoftBank also is reportedly mulling a $100M investment in digital real ... version of this story incorrectly listed the $100M amount SoftBank’s Vision Fund is considering investing in Cadre. The ...

Nov 04, 2018
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Sam Altman, CEO of OpenAI, speaks at TechCrunch event in 2019.
News

Sam Altman Explores Launching Company To Build Data Centers For OpenAI

... the data center and chip effort, The Information reported, naming SoftBank, sovereign wealth funds based in the United Arab Emirates and ...

Jul 22, 2024
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Coworking Is Growing Fast Despite WeWork's Dramatic Pullback
News

Coworking Is Growing Fast Despite WeWork's Dramatic Pullback

... a new majority owner, property management software provider Yardi Systems. SoftBank and other creditors will own minority stakes in the business ...

Jun 27, 2024
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WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy
News

WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy

...  King Street’s head of restructuring and a partner at SoftBank Investment Advisers, both firms that had invested in WeWork before ...

Jun 11, 2024
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The entrance to a WeWork location in D.C.'s Navy Yard
News

WeWork Secures Final Approval To Emerge From Bankruptcy

... downfall. The company lost billions for its largest shareholder, SoftBank, and its turnaround was impaired by the pandemic. It lost ... Systems, which chipped in roughly $337M of that equity. SoftBank and other creditors will own minority stakes in the business ...

May 30, 2024
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