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View Lays Off 23% Of Workforce, Needs More Funding To Stay Afloat

SoftBank-backed smart glass manufacturer View Inc. is still ... of New York. View is far from the only SoftBank-backed company to have faced major financial challenges since the ... at roughly $573M on Friday afternoon, down from its SoftBank-fueled peak of $47B.

Mar 31, 2023
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Progress Report: WeWork 90 Days After Announcing A 90-Day Turnaround Plan
News

Progress Report: WeWork 90 Days After Announcing A 90-Day Turnaround Plan

... a bailout loan from JPMorgan Chase, Pitchbook reported. But when SoftBank took over majority ownership in early November, the 90-day ... space-as-a-service platform." In the two months since SoftBank's takeover, WeWork has enacted some tangible changes: The ...

Jan 12, 2020
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SoftBank’s Vision Fund Is Taking A More Than $5B Hit Thanks To Bets On WeWork, Uber

... at least $5B following the poor performance of those companies. SoftBank is the parent company of the $100B Vision Fund, and ... . Sources told the publication investment in The We Company — which SoftBank agreed this week to bail out — and Uber are the ...

Oct 25, 2019
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15 Things You Need to Know This Morning
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15 Things You Need to Know This Morning

... Invests $865M In Construction Tech Startup Katerra SoftBank Group led a Series D investment of $865M for Menlo ... Horses Out Of Running Construction Tech Startup Gets $865M From SoftBank Advance Your Career With An MS In Real Estate And ...

Jan 25, 2018
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EagleBank Presents: 15 Things You Need to Know
News

EagleBank Presents: 15 Things You Need to Know

... -Dollar Investment Is A U.S.-Based Smart Glass Company SoftBank's Vision Fund, the $100B venture capital vehicle backed by ...

Nov 05, 2018
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EagleBank Presents: 15 Things You Need to Know
News

EagleBank Presents: 15 Things You Need to Know

... Buying Majority Stake In WeWork For Up To $20B SoftBank has been the driving force behind WeWork's ballooning valuation, ...

Oct 11, 2018
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EagleBank Presents: 15 Things You Need to Know
News

EagleBank Presents: 15 Things You Need to Know

... Delivery Startup, Starts Integrating Into Grocery Stores Chinese investment giant SoftBank is throwing its weight behind one of the most significant ...

Aug 10, 2018
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Sam Altman, CEO of OpenAI, speaks at TechCrunch event in 2019.
News

OpenAI Identifies 5 New Data Center Sites For $500B Stargate Venture

... week are being developed through collaborations between OpenAI and Softbank. Located in Lordstown, Ohio, and Milam County, Texas ... of Austin, is being developed in partnership with SoftBank subsidiary SB Energy, which will provide power infrastructure ...

Sep 24, 2025
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WeWork, Now Trading Below $1, On Verge Of Financial Restructuring
News

WeWork, Now Trading Below $1, On Verge Of Financial Restructuring

... WeWork into equity, Bloomberg reported Thursday, citing anonymous sources. SoftBank already owns about 55% of WeWork. Shares of the ... common equity owners should like that,” Goldfarb told Bisnow. “SoftBank is the biggest debt and biggest equity holder. The ...

Mar 16, 2023
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The entrance to a WeWork location in D.C.'s Navy Yard
News

Yardi To Become WeWork's Majority Owner In $450M Bankruptcy Exit Plan

... respond to Bisnow’s request for comment. SoftBank, WeWork's largest lender and investor prior ... loop,” Eli Vonnegut, attorney for the non-SoftBank and Yardi senior lenders, said at the ... 30, 11:15 A.M. ET: SoftBank is not providing any new money for WeWork ...

Apr 29, 2024
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