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Sandeep Mathrani On Why He Decided To Save WeWork And How He Plans To Pull It Off
News

CEO Sandeep Mathrani Takes You Inside The Rescue Of WeWork

... then-CEO Adam Neumann, and main investor SoftBank had to pump in $9B of rescue ... WeWork said its cash pile, provided by SoftBank, could see it through until 2024 if ... average term of 15 years. Neumann and SoftBank founder and CEO Masayoshi Son thought of ...

Jul 13, 2020
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RXR Partners With Former Vision Fund Head On $500M Multifamily Venture
News

RXR Partners With Former Vision Fund Head On $500M Multifamily Venture

... a fund launched by Rajeev Misra, the former head of SoftBank's Vision Fund. RXR CEO Scott Rechler told Bloomberg the ...

Apr 24, 2024
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Kroger, Albertsons Agree To Sell 579 Stores As FTC Sues To Block Merger
News

Kroger, Albertsons Agree To Sell 579 Stores As FTC Sues To Block Merger

... like Piggly Wiggly and Grand Union and has partnered with SoftBank to raise the capital to make the acquisitions. C&S ...

Apr 22, 2024
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The Bisnow Weekender: A Hangover, Trust Issues And A ‘Nonevent’
News

The Bisnow Weekender: A Hangover, Trust Issues And A ‘Nonevent’

... Have More Than Doubled Since Last Year — WeWork Turns To SoftBank, Yardi To Fend Off Takeover Bid From Adam Neumann — U ...

Apr 18, 2024
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WeWork Gives Up 750K SF In London As It Eyes End Of Bankruptcy
News

WeWork Gives Up 750K SF In London As It Eyes End Of Bankruptcy

... a debt-for-equity swap. The largest owner will be SoftBank, the tech investor that has pumped more than $12B into ...

Apr 03, 2024
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WeWork co-founder Miguel McKelvey
News

WeWork Co-Founder Miguel McKelvey Is Stepping Down

... primary interest is in solving?" The company’s biggest backer, SoftBank Group, took it over last year, and pumped in billions ... highest, according to Forbes, but slid down to $900M after SoftBank agreed to the bailout, which has since been killed.  The ...

Jun 05, 2020
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An example of a WeWork lounge area with the dots representing where people can sit under new social distancing measures.
News

WeWork Rolls Out New Social Distancing Workspace Designs

... its New York City locations, the Wall Street Journal reported.  SoftBank is reportedly backing out of the $3B tender offer for ... failed IPO. WeWork shareholders this month filed a lawsuit against SoftBank, arguing its plan to kill the deal represents a breach ...

Apr 28, 2020
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WeWork CEO Adam Neumann
News

Adam Neumann Seeks To Buy WeWork, Partners With Hedge Fund Manager Daniel Loeb

... year.  Neumann, who received roughly $1.7B from major investor SoftBank to walk away from the company, later formed Flow Global ...

Feb 06, 2024
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New City
News

Tech Firm Relocating Headquarters To New City's Fourth Ward

... that valued the company at more than $5B. It counts SoftBank's Vision Fund II and Franklin Templeton among its investors ...

Dec 19, 2023
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The entrance to a WeWork location in D.C.'s Navy Yard
News

Landlords Call WeWork Lease Renegotiation Talks 'Opaque And Antagonistic'

... , the company said — and grants WeWork's creditors, led by SoftBank, certain liens against WeWork's leases. “We are pleased with ...

Dec 14, 2023
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