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Japan's SoftBank invests in US office space-sharing WeWorkTOKYO (AP) — American office space-sharing company WeWork has obtained $3 billion in funding from Japanese technology conglomerate SoftBank Group Corp. The new funding comes in addition to the $1 billion raised from SoftBank last quarter, WeWork spokesperson Kumiko Hidaka said Thursday. WeWork, which targets startups, is operating not only in the U.S. but also India, China, Peru, Israel and other nations, as well as Japan, where real estate is relatively expensive, allowing WeWork an opportunity to grow. SoftBank confirmed the investment but referred queries to WeWork. yurikageyama Great way to gain access to numerous small business databases. Inscrutable! yurikageyama sglauberg yurikageyama Very strange since Office Space Sharing has been a part of business in N.YC.,, Cincinnati, Los Angeles for over 40 years! What's the big deal now? (A very distinct VENTURE should be added though.)
Source: AP - 🏆 728. / 51 Read more »
WeWork is changing its name to 'The We Company' as SoftBank invests $2 billionWeWork's rebrand is part of the company's goals to push beyond providing desk space, and to expand into creating residential and educational units. I need SoftBankTeamJPN in my life 🙏🏿 Rename as We’reThucked
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank Finds Limits to Its Love for WeWork as Investors Push BackKey investors in SoftBank’s giant tech fund have balked at a planned $16 billion investment in co-working startup WeWork, leaving SoftBank Chief Masayoshi Son to find an alternative as his ambitions hit up against the limits of his financial firepower. Saudi’s Arabia is an exporter of terrorism and should be treated as such Jasonwhu8 And Uber who lost $1Billion in the last 3 months.
Source: WSJ - 🏆 98. / 63 Read more »
SoftBank Scraps $16 Billion Plan to Buy Most of WeWorkSoftBank Group has halted a planned $16 billion investment in shared-office space provider WeWork, opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners. Taiwan stock market closed lower, Taiwan Weighted ... China stock market closed lower, Shanghai Composite Indonesia stock market closed lower, IDX Composite ... Australia stock market closed lower, S & P / ASX 200 does not ... Shedoestech Can’t pretend that I’m even a little bit surprised. The sad part is WeWork is just going to keep throwing money at this problem. Sooner or later, they’re just going to end up like KWNYC.
Source: WSJ - 🏆 98. / 63 Read more »
SoftBank plans to give WeWork another $2 billionA major WeWork investor plans to inject $2 billion more funding into the coworking company.
Source: CNN - 🏆 4. / 95 Read more »
SoftBank scraps $16 billion WeWork investment in favor of smaller dealSoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »