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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 »
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 »
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 »
It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart, but he quickly salvaged $2 billionAfter hearing a $16 billion investment had fallen apart, CEO Adam Neumann was reportedly able to salvage $2 billion by refusing to accept the deal was completely dead.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Vale stock plunges after Brazil disaster; $16 billion in market cap erasedBrazilian miner Vale SA's shares plunged on Monday, wiping out nearly 62 bi... НИ ДО , НИ ПОСЛЕ СУКА
Source: Reuters - 🏆 2. / 97 Read more »