WeWork throws in the towel on its ill-fated IPO

Business Oct 1, 2019

WeWork throws in the towel on its ill-fated IPO

WeWork's parent, The We Co., said Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. The withdrawal of its IPO prospectus formalizes the end of the New York-based ...

SoftBank plans to name former Sprint boss to help fix WeWork

Business / Corporate Sep 30, 2019

SoftBank plans to name former Sprint boss to help fix WeWork

SoftBank Group Corp. is tapping Marcelo Claure to help turn around WeWork after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office last week. Masayoshi Son, the head of SoftBank, WeWork's largest investor, has asked the former chief executive officer of Sprint ...