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WeWork At Serious Risk Of Default, Fitch Warns
WeWork is at risk of running out of money to stay current on its long-term debt.
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WeWork is at risk of running out of money to stay current on its long-term debt.
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Though WeWork is now officially a public company, its first earnings report as such still painted a picture of a company losing hundreds of millions quarterly.
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The company and its landlords raised concerns that competitors could poach its customers if the names were exposed in court.
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The OpenAI, SoftBank and Oracle-backed Stargate data center development JV could expand to Europe, with the UK favored ahead of France and Germany.
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The $450M capital injection will push Compass' market value to $2.2B.
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Compass has raised $1.2B in funds, with latest round led by SoftBank and the Qatar Investment Authority.
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OYO Hotels, with $1B in funding led by SoftBank Vision Fund, plans to spend $300M opening hotels in the U.S. at a breathtaking pace.
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Hotel unicorn Oyo, which had used SoftBank money to expand aggressively before the pandemic, may land another big backer in Microsoft.
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REEF plans to use the 64K SF space in suburban Maryland to grow its network of neighborhood logistics hubs in the region.
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OpenAI is eyeing a 10-gigawatt data center campus being developed by a SoftBank subsidiary at a former nuclear site in Ohio.
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