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WeWork
News

WeWork Begins De-Neumannizing

... the IPO, which would have unlocked $6B in new debt. SoftBank, already an investor in WeWork to the tune of about ... company's rescue, however. The Financial Times reports that the SoftBank is in talks with WeWork for an additional $2.5B ...

Sep 26, 2019
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WeWork CEO Adam Neumann
News

Report: WeWork To Delay IPO For At Least A Month

... of its deflating valuation — most recently pegged by lead investor SoftBank Group at $47B — have been circling, along with talk of ...  Reuters reported it may actually drop as low as $10B. SoftBank, which owns about 29% of the company, was reportedly urging ...

Sep 16, 2019
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Miguel McKelvey and Adam Neumann
News

Japanese Megafund Invests $4.4B Into WeWork

... fund run by Japanese telecom giant SoftBank has invested $4.4B into co ... which values the company at almost $20B.SoftBank’s $93B Vision fund has paid $3B ... the way people work,” SoftBank founder Masayoshi Son said. Two SoftBank executives who helped broker the ...

Aug 25, 2017
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WeWork Entrance
News

WeWork IPO Prospectus Could Be Released Any Time Now

... cash infusions from deep-pocketed investors, especially Tokyo-based SoftBank Group Corp., though that company decided early this year  ... not to acquire a majority interest in WeWork. SoftBank's investments value WeWork at $47B, despite its unprofitable ...

Aug 12, 2019
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Mathrani's 'Total Shock' Departure From WeWork Drives Investor Confidence To New Low
News

Mathrani's 'Total Shock' Departure From WeWork Drives Investor Confidence To New Low

... jobs and reduced the real estate portfolio that Neumann and SoftBank had aggressively built in 2018 and 2019.  When WeWork released ... , and helped put WeWork on a path to profitability,” SoftBank Group International CEO Alex Clavel said in the press release ...

May 17, 2023
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Adam Neumann Has Reportedly Taken $700M Out Of His WeWork Stake Ahead Of IPO
News

Adam Neumann Has Reportedly Taken $700M Out Of His WeWork Stake Ahead Of IPO

... storylines in commercial real estate. Japanese investment giant SoftBank has poured billions of equity and debt into WeWork ... operator has spent that investment with similar aggression. SoftBank Vision Fund's most recent investment in January valued ...

Jul 21, 2019
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WeWork Faces Eviction Lawsuit After Vacating Chicago Loop Site
News

WeWork Faces Eviction Lawsuit After Vacating Chicago Loop Site

... losing hundreds of millions of dollars per quarter, leading investor SoftBank to consider a financial restructuring plan. Since 2020, it has ...

Apr 17, 2023
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The entrance to a WeWork location in D.C.'s Navy Yard
News

WeWork CEO: Traditional Office Is The New Retail, And We're E-Commerce

... stock price has dipped below $1 per share, leading investor SoftBank to consider a financial restructuring plan.  As part of its ...

Mar 29, 2023
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WeWork exterior
News

WeWork Makes First Official Move Toward An IPO

... IPO. Though the company is flush for now with SoftBank cash — the Japanese investor's latest investment in ... monetize," WeWork Vice Chairman Michael Gross told Axios. Besides SoftBank, prominent investors currently backing WeWork include Benchmark, T. Rowe ...

Apr 29, 2019
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Hedge Fund Buys Into Discounted WeWork Debt
News

Hedge Fund Buys Into Discounted WeWork Debt

... .2B of outstanding debt, also due in 2025, owed to SoftBank, its largest shareholder. The company had $460M of cash and ...

Feb 14, 2023
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