WeWork’s board has accepted a takeover plan proposed by SoftBank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter. WeWork owner The We Company’s board was evaluating SoftBank’s offer against an alternative financing proposal from JPMorgan Chase, but decided to go with SoftBank, even...
Similar Stories to Wework Accepts Softbank’s Takeover Plan on Bing News
Reuters, New York Post: Business
Tue, 10/22/2019 - 6:31am
BING NEWS:
- Cybersecurity Firm Darktrace Accepts $5 Bn Takeover
Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial ...
04/26/2024 - 3:21 am | View Link - Helical extends London Wework lease amid takeover talks
Wework founder and former chief Adam Nueman is thought to be trying to regain control of the business through a takeover via his real estate startup Flow. Some of the space Wework previously had ...
04/21/2024 - 11:02 pm | View Link - WeWork Turns To SoftBank, Yardi To Fend Off Takeover Bid From Adam Neumann
Flow has gone public with its takeover attempt ... this month that it had reached an agreement to write down debt with SoftBank, which holds 92% of the firm’s secured notes, and Cupar Grimmond ...
04/17/2024 - 1:00 pm | View Link - SoftBank posts $6.2 billion quarterly loss as WeWork collapse, tech slump drag bottom line
SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss. The company said the Vision Fund gain was due to a gain arising from the sale ...
11/9/2023 - 4:21 am | View Link - SoftBank Posts $6.2 Billion Loss After WeWork Bankruptcy
TOKYO—SoftBank Group sank deeper into the red in the July-September period as its technology investments struggled and losses piled up from the collapse of office-sharing company WeWork.
11/8/2023 - 10:32 pm | View Link - More
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