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Goldman Sachs has agreed to put together a $1.75B line of credit for WeWork to replace a previous arrangement that required keeping $500M in cash reserves.
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On-demand storage specialist Clutter buys some physical assets for the first time.
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Indian hotel startup Oyo is backed by billions from SoftBank Vision Fund and is growing at a speed some say is unsustainable. Sound familiar?
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SoftBank had previously agreed to bail the coworking firm out after its IPO went south.
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SoftBank CEO Masayoshi Son regrets enabling Adam Neumann as WeWork's biggest backer, but says he's got a plan to turn the company he now controls around.
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The most recent valuation drop to $2.7B comes after a previous drop from $47B to $7.8B in September.
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SoftBank Vision Fund's high-profile missteps with WeWork and Uber have reportedly caused difficulty in attracting investment to Masayoshi Son's follow-up fund.
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The Japanese conglomerate is balking at buying $3B of WeWork shares from existing shareholders.
The Japanese conglomerate announced billions of dollars in stock buybacks on Monday.
SoftBank decides to cancel its purchase of $3B in WeWork shares.
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