SoftBank wants to sell a quarter of the $2.2 billion WeWork rescue debt
WeWork continues to be unprofitable, and the omicron variant of the coronavirus could further weigh on its future results.
WeWork is finally going public. Will SoftBank ever make its $17 billion back?
WeWork would need to capture a large portion of the post-pandemic workforce and hope that flexible offices take the place of many corporate campuses.
Masayoshi Son’s billions multiply on SoftBank mega-rally and SPAC boom
Few fortunes are as volatile as Masayoshi Son’s. The SoftBank Group Corp. founder was briefly richer than Bill Gates at the start of the century before tech stocks crashed. In March 2020, as markets sank under Covid-19 and questions swirled over SoftBank’s investments, his wealth ...
SoftBank settles WeWork lawsuit; Adam Neumann exits with windfall
The pact announced Friday ends a legal fight over a stock transaction that collapsed and eliminates the need for a March 4 trial in the U.S.
WeWork competitor TKP sees opportunity in Tokyo’s shrinking offices
While TKP shares are still down 43 percent for the year, they have jumped 165 percent from their March trough as investors look for a rebound.
After 133% rally, SoftBank investors bet there’s more to come
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.
Being a sore loser doesn't make WeWork’s Neumann wrong
There's little downside for the founder of the collapsed office rental company in taking on his former benefactor.
WeWork directors lose bid to accelerate lawsuit on failed SoftBank deal
Two independent WeWork directors failed to fast-track their lawsuit over SoftBank Group Corp.’s decision to scrap a $3 billion stock purchase that was part of a rescue package the struggling office space provider secured last October. Delaware Chancery Judge Andre Bouchard said the WeWork board ...
A WeWork board committee that negotiated a $3 billion (¥326.4 billion) tender offer with SoftBank Group sued the conglomerate Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak. The tender offer was part of a $9.6 billion ...
Some WeWork staff planned their lives around a stock deal that just collapsed
Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development, helping the coworking startup open new offices in different regions. He’d put in the time and been granted shares in the ...
