Softbank Says Deal Reached With Wework Founder, Directors

SoftBank Group Corp. has reached a settlement in a U.S. legal dispute with directors of office space-sharing venture WeWork Inc. and its founder Adam Neumann

Topics:  softbank group   corp   wework inc   adam neumann   reached   founder   directors   
BING NEWS:
  • WeWork expects to exit bankruptcy by the end of May, predicting $8 billion in rental savings
    Cutting back on real estate costs has been a top priority for WeWork since the New York-based company filed for Chapter 11 bankruptcy in November.
    04/2/2024 - 8:48 am | View Link
  • SoftBank Finally Wipes Out $14B WeWork Losses As It Posts $6.6B Profit Riding On Tech Rebound And T-Mobile Shares
    In a recent turn of events, SoftBank Group Corp (OTC:SFTBY) declared its entire investment in WeWork as a loss. This announcement comes despite SoftBank’s first profitable quarter in five.
    02/8/2024 - 12:04 am | View Link
  • WeWork, Once Valued at $47 Billion, Files for Bankruptcy. SoftBank Couldn’t Save It.
    WeWork finally reached the public market in October 2021 ... converting a portion of WeWork’s borrowings into equity. That deal canceled or converted to equity $1.5 billion worth of debt ...
    11/7/2023 - 2:19 am | View Link
  • WeWork accepts multi-billion-dollar Softbank rescue deal
    Co-founder Adam Neumann will leave the board but retain "observer" status. The deal marks the end of a tumultuous period for WeWork - once valued at nearly $50bn - that saw Mr Neumann step down as ...
    10/21/2019 - 1:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News