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Benjamin burning
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
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WeWork's Tower Place office in Atlanta
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
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WeWork Common Area Chelsea 6th Floor
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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Capital One HQ entrance
News

Capital One Selling $1B NYC Office Loan Portfolio To Fortress

... takeovers. Executives at Fortress, which in May was sold by SoftBank Group to Mubadala Investment Co., the Abu Dhabi sovereign wealth ...

Aug 17, 2023
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WeWork at 100 Bayview Circle
News

What, WeWorry? WeWork Opens New Newport Beach Location

... was on the verge of bankruptcy before being rescued by SoftBank.  

Oct 28, 2019
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WeWork Sued For Breach Of Contract Over Continuous Construction
News

WeWork Sued For Breach Of Contract Over Continuous Construction

... lease obligations. Last week, it agreed to a takeover by SoftBank, its biggest investor, at a valuation of roughly $8B, slightly ... more than one-sixth of how much SoftBank valued it at earlier this year. WeWork's rent is ...

Oct 28, 2019
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WeWork Building
News

WeWork Reports 'Substantial Doubt' Over Ability To Stay In Business

... world's most valuable startups when it was valued by SoftBank at $47B in 2019, shortly followed by a failed, embarrassing ...

Aug 08, 2023
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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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