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 ...
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 ...
WeWork’s imperiled $3 billion stock sale would mostly benefit five investors
In a deal that’s currently at risk of falling apart, a handful of investors would be the main beneficiaries of SoftBank Group Corp.’s plan to buy $3 billion of WeWork stock, according to a person familiar with the matter. As part of the agreement, scheduled ...
SoftBank’s big bet on sharing economy backfires with coronavirus
Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of ...
WeWork directors prepare to take on SoftBank if it abandons rescue deal
Two independent WeWork directors are weighing all options, including legal action, after SoftBank Group Corp. advised the company's shareholders it may renege on part of its rescue package. "The Special Committee of the WeWork Board of Directors remains committed to taking all necessary actions to ...
