SoftBank scraps $16 billion WeWork investment in favor of smaller deal

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SoftBank 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.

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:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

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 »

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 »

Software Technology Company Raises $16M To Bring Blockchain To The Pharmaceutical IndustryDespite the currency cryptocurrency bear market, Chronicled, Inc. announced today that it has raised $16 Million in Series A funding to bring blockchain technology to the pharmaceutical industry.
Source: Forbes - 🏆 394. / 53 Read more »