WeWork

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...

Platform News: Japan's SoftBank

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...

Platform News: Japan's SoftBank

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

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,...

Platform News: Japan's SoftBank

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...

WeWork

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.

Platform News: SoftBank Group CEO

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

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

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 ...

Platform News: Japan's SoftBank

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...

WeWork

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

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...

Platform News: Japan's SoftBank

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

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. 

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