WeWork Rejects 69 Leases In Bankruptcy Filing, Could Exit Nearly 100 More
... senses, that doesn't change much for WeWork. Japanese investor SoftBank was the largest equity holder in the company before, and ...
Nov 07, 2023
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WeWork Is Bankrupt. Where Do We Go From Here?
... Neumann and Masayoshi Son, CEO and chairman of Japanese investor SoftBank, WeWork’s principal backer. To dig itself out, ... $10B, merging with a blank check company with investment from SoftBank, Cushman & Wakefield and Starwood, even though the company made ...
Nov 06, 2023
News
Sony Music Consolidating Offices Into 45K SF In Wynwood
... SF of retail. Claure Group, led by former CEO of SoftBank Group International Marcelo Claure, announced at the groundbreaking that it ...
Oct 18, 2023
News
Flexport To Cut Staff By 30% Amid Shipping Slowdown
... Silicon Valley investors including venture capital firm Andreessen Horowitz and SoftBank Group’s Vision Fund. It raised $935M in its most ...
Oct 06, 2023
News
WeWork Reportedly Looking To Back Out Of Up To 100 Leases
... next phase of its cost-cutting under SoftBank Group's stewardship. The coworking startup is ... away from running out of cash before SoftBank stepped in to bail it out (and ... 1,000 more to JLL soon after SoftBank CEO Masayoshi Son installed former Sprint head ...
Dec 13, 2019
News
Kroger, Albertsons Selling 413 Stores, 8 Distribution Centers, 2 Offices To C&S In $1.9B Deal
... existing collective bargaining agreements will continue.” With this sale to SoftBank-backed C&S, the combined company would have more than ...
Sep 08, 2023
News
WeWork Renegotiating Nearly All Leases, Exiting Floundering Properties
... fall from its 2019 peak, when it was valued by SoftBank at $47B. As of early Wednesday afternoon, its market capitalization ...
Sep 06, 2023
News
WeWork Lost $1.25B In The Third Quarter As Its IPO Went Belly-Up
... operators involved WeWork. WeWork is now under the control of SoftBank Group, which raised its investment in the coworking company in ... roughly an 80% stake. Soon after asserting control of WeWork, SoftBank outlined turnaround plans in a 50-page, "90-day game ...
Nov 14, 2019
News
WeWork Reveals 90-Day Turnaround Plan, Hunts For New CEO
... and Artie Minson were elevated to co-CEOs, but SoftBank-installed Executive Chairman Marcelo Claure has declined to commit to ... greater than WeWork, but has a significant connection to SoftBank that lends Legere's reported candidacy an air of credibility ...
Nov 11, 2019
News
Landlords Skeptical After WeWork Rescue, Start Openly Discussing Plan B's
SoftBank Group, which led the funding that valued WeWork at $47B ... stalled. “Now, the latest thing they told us after the SoftBank bailout was announced, [was] ‘we are still on hold, and ...
Nov 04, 2019
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