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April 29, 2024
 

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WEWORK

Japan Times
BUSINESS / Companies
Oct 28, 2019
WeWork's path to turnaround challenged by tainted 'cool factor'
Co-working wasn't new when WeWork Cos. came along, but the office-sharing company made it cool, enticing millennials and entrepreneurs with amenities like hip furniture, beer on tap and puppy parties.
Japan Times
BUSINESS / Companies
Oct 23, 2019
WeWork accepts $9.5 billion rescue package, with SoftBank taking 80% stake
The SoftBank deal, which includes $5 billion in new financing and an acceleration of a $1.5 billion existing commitment, grants a reprieve to cash-strapped WeWork parent We Co.
Japan Times
BUSINESS / Companies
Oct 22, 2019
SoftBank seen seeking to take control of WeWork in bailout deal including $5 billion in debt financing
SoftBank Group Corp. is looking to take a controlling stake in WeWork, according to a person familiar with the matter. The deal is said to value the company at about $8 billion or less, said the person, who asked not to be identified discussing private deliberations.
Japan Times
BUSINESS / Companies
Oct 19, 2019
SoftBank eyes WeWork rescue valuation below $8 billion
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions.
Japan Times
BUSINESS
Oct 18, 2019
Google snubs WeWork and signs Toronto lease with co-working rival IWG
Google has walked away from a potential Toronto lease with WeWork after months of negotiations, agreeing to take space from rival co-working firm IWG PLC instead, according to people familiar with the matter.
Japan Times
BUSINESS / Companies
Oct 17, 2019
SoftBank plans $5 billion in rescue financing for WeWork
SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments.
Japan Times
BUSINESS / Companies
Oct 15, 2019
WeWork prefers JPMorgan financing lifeline to rescue by SoftBank
WeWork's bankers are pitching investors on what would be one of the riskiest junk-debt offerings in recent years, and potentially giving the venture's top private shareholders a final chance to avoid having their stakes severely diluted.
Japan Times
BUSINESS / Companies
Oct 14, 2019
WeWork said to be eyeing bailout that will hand control to SoftBank
In one of two main options to rescue the once high-flying startup, WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group Corp.
Japan Times
BUSINESS / Companies
Oct 8, 2019
SoftBank's damage from Uber and WeWork could exceed $5 billion
Masayoshi Son's startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc.
Japan Times
BUSINESS / Companies
Oct 7, 2019
WeWork's startup party ends with some 2,000 jobs on the chopping block
Startup workers often worry that going public means the fun is about to end — quarterly financial reports, disciplined spending, cheaper coffee. At WeWork, not going public may have brought a worse fate.
Japan Times
BUSINESS / Companies
Oct 2, 2019
WeWork names new head of Japan operations after management purge
WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann.
Japan Times
BUSINESS / Companies
Oct 2, 2019
SoftBank debtholders hope for more caution after WeWork woes
Many bond market participants still think SoftBank is a relatively safe bet, but a bumpy few weeks for the corporate investor has prompted some to pine for a bit more caution.
Japan Times
BUSINESS / Companies
Oct 1, 2019
SoftBank has a lesson for startups with WeWork coup: Your dreams had better be profitable
Masayoshi Son, long known as a free-spending benefactor who encouraged startup founders to pursue their dreams even if it meant losing billions of dollars, had a different message for entrepreneurs last month: Your dreams had better be profitable.
Japan Times
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.
EDITORIALS
Sep 30, 2019
The WeWork IPO didn't work
For all the flaws in WeWork's ambitions, the system worked. Public scrutiny laid bare the gap between WeWork's ambitions and its reality.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Sep 28, 2019
SoftBank plans to pull in former Sprint boss Marcelo Claure to help fix WeWork's problems
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.
Japan Times
BUSINESS / Companies
Sep 25, 2019
WeWork's Adam Neumann steps down as CEO, with IPO on the line
Adam Neumann, the charismatic entrepreneur who led WeWork to become one of the world's most valuable startups, stepped down Tuesday as chief executive officer after a plan to take the company public hit a wall.
Japan Times
BUSINESS / Companies
Sep 23, 2019
SoftBank reportedly turns against WeWork's parent CEO, Adam Neumann
SoftBank Group, the biggest investor in WeWork owner We Co., is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing startup, according to four sources.
Japan Times
BUSINESS / Companies
Sep 17, 2019
SoftBank's biggest backers rethink role in next Vision Fund after bet on WeWork sours
The biggest backers of SoftBank Group Corp.'s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Putin’s war will soon reach Russians’ tax bills
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.

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