SoftBank abandons $3 billion WeWork share purchase deal

Business / Corporate Apr 2, 2020

SoftBank abandons $3 billion WeWork share purchase deal

SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board. SoftBank had agreed to buy the shares from ...

Business Dec 5, 2019

Uber CEO wants to partner with more Japanese taxi firms

Dara Khosrowshahi, the CEO of U.S. ride-hailing company Uber Technologies Inc., expressed interest on Wednesday in expanding partnerships with Japanese taxi companies. Uber's ride-hailing service is available in many countries, but unlicensed taxi services are banned in Japan. Khosrowshahi said at an event held in New ...

Airbnb listings in Japan rebound after regulatory freeze

Business Jun 6, 2019

Airbnb listings in Japan rebound after regulatory freeze

Airbnb Inc. says it's back in business in Japan, a year after stricter short-term lodging regulations forced it to freeze a major portion of its listings in the country. There are 50,000 listings available in the country, with another 23,000 rooms in hotels and traditional ...