Yardi To Operate WeWork As Separate, Arm's-Length Entity
... control a 20% stake and a group including SoftBank would own the rest. SoftBank, which has lost roughly $14B on its investments ...
Apr 30, 2024
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Howard Lutnick's SPAC To Take Smart Glass Company View Public At $1.6B Valuation
... release. In 2018, View received a $1.1B investment from SoftBank's Vision Fund, the $100B venture capital vehicle partially backed ... that invested in tech giants like WeWork and Uber. The SoftBank investment came after View had already brought in $800M in ...
Nov 30, 2020
News
WeWork At Serious Risk Of Default, Fitch Warns
... liquidity sources inclusive of and beyond the full $3.3B SoftBank financing commitment," Fitch said in its statement. In dropping WeWork ... 's cash situation came to that kind of impasse, Softbank would provide a capital infusion to keep the company afloat ...
Oct 25, 2020
News
DOJ, WeWork Strike Deal To Keep List Of Coworking Tenants Private
... court approved the nearly $700M debtor-in-possession package with SoftBank that prevents landlords from drawing letters of credit en masse ... at the end of the month and grants SoftBank and other WeWork creditors certain liens against the coworker’s ...
Dec 20, 2023
News
With Funding Down 42%, Proptech Startups Struggle To Hang On
... public in 2020, two years after raising $1.1B from SoftBank, but it has struggled to keep its doors open this ... public in 2021 and capital raises from the likes of SoftBank that valued it at $47B in 2019. The sector's ...
Dec 19, 2023
News
WeWork Gets One-Week Extension To Make Missed Debt Payments
... bankruptcy. It refers to three main groups of bondholders — SoftBank, WeWork’s main backer since 2016, which has poured more ... That stake made it WeWork’s third-largest shareholder after SoftBank and King Street. The filing says Cupar Grimmond is controlled ...
Oct 31, 2023
News
WeWork May Slash Valuation, Delay IPO After Prospectus Underwhelms Investors
... as executives do damage control. Japanese investment platform SoftBank has been the primary driving force behind WeWork's ... initially predicted, reportedly due to pressure from investors in SoftBank Vision Fund who were concerned about being overcommitted to ...
Sep 05, 2019
News
Cost Of Backing WeWork's IPO Is Adding Up For Big Real Estate Firms
... million. The largest shareholder and biggest investor in WeWork is SoftBank, the Japanese tech investor. It owned more than 450 million ... the company. At the time of the IPO in 2021, SoftBank said it had invested close to $17B in WeWork. CORRECTION ...
Aug 20, 2023
News
Microsoft In Talks To Invest In Hotel Unicorn Oyo
... previous decade, thanks in part to heavy investment by SoftBank Group's venture capital-focused Vision Fund, which pushed ... business practices plaguing the company during its SoftBank-driven expansion. Late last year, SoftBank wrote down Oyo's value to $3B ...
Jul 30, 2021
News
WeWealthy: The Investors Who Will Cash Out When WeWork Goes Public
... Company, a $6B equity infusion from its venture arm called SoftBank Vision Fund, valued the startup at $47B. The capital ... leeway to post such losses, leading to speculation over whether SoftBank can recoup its investment from the initial public offering. ...
May 07, 2019
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