We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
WeWork CEO Adam Neumann has reportedly made millions of dollars by leasing office space to his own companyWeWork acknowledges that Neumann has a stake in four properties that it uses for its coworking spaces. Smart.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billionThe Japanese tech investor will put just $2 billion into WeWork, down from plans to invest $16 billion, according to the Financial Times. Wamp wamp! 🚨📉🕳
Source: BusinessInsider - 🏆 729. / 51 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 »
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 »