WeWork
The We Company reverts to WeWork to emphasize office-sharing roots
We Company, parent of money-losing shared office supplier WeWork, which last year yanked intends to go public following harsh criticism within its business model and erratic direct...
SoftBank renews talks on taking the group private
SoftBank Group executives are considering carrying the Japanese tech group private as the company seeks a fresh plan after disposing of many large assets, the Financial Times has r...
SoftBank seen booking 75% first-quarter profit drop as it returns to profitability
SoftBank Group is seen booking a 75 percent first-quarter profit plunge, albeit making a return to profitability, since the COVID-19 outbreak continued to weigh on the platform and...
WeWork expects to have positive cash flow in 2021
WeWork Executive Chairman Marcelo Claure said the office-sharing company was on course to have positive cash flow in 2021, a year earlier than a target the company set in February,...
SoftBank kicks off $21 billion sale of T-Mobile shares
SoftBank Group Corp unveiled a series of transactions on Monday to divest more than $21 billion worth of stock in US wireless carrier T-Mobile US Inc, as it seeks funding for a $41...
Miguel McKelvey, co-founder of WeWork to leave the company
WeWork’s Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June.
SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’
Japan’s SoftBank reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening cri...
WeWork reports slower cash burn in first quarter: CFO email
The We Company, owner of WeWork, has said that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office...
WeWork directors seek to preserve right to sue owner SoftBank
A special committee of WeWork board members filed a motion in Delaware to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group over an ...
Fading Vision Fund to tip SoftBank into first loss in 15 years
SoftBank expects its $100 billion Vision Fund to make a loss of 1.8 trillion yen due to the worsening performance of its various tech sector bets, which will tip the group as a who...
Trouble ahead: WeWork sues SoftBank after $3-billion tender offer falls through
WeWork’s owner, The We Company, has sued SoftBank Group, challenging its largest shareholder’s decision to terminate a $3 billion tender offer for shares in the office-...
WeWork troubles deepen as SoftBank pulls $3 billion tender offer
SoftBank Group said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the fl...
SoftBank bolsters investment team with ex-Goldman hire
SoftBank Group has announced that it has appointed former Goldman Sachs banker Taiichi Hoshino as the head of a new investment planning department, as the group increases oversight...
WeWork sells social network Meetup to AlleyCorp, private investors
Social media platform Meetup said on Monday that shared-office operator WeWork had sold the company to a group of investors led by AlleyCorp, which funds companies in New York.Â
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