Similar Stories to Wework Board Accepts Softbank Rescue Deal: Source on Bing News

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.

Topics:  softbank group   japanese   wework   board   source   
BING NEWS:
  • WeWork Turns To SoftBank, Yardi To Fend Off Takeover Bid From Adam Neumann
    In his statement to Bisnow, Spiro accused WeWork of “seeking to rush an insider deal with a current technology ... an agreement to write down debt with SoftBank, which holds 92% of the firm ...
    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
  • SoftBank’s WeWork, once most valuable U.S. startup, succumbs to bankruptcy
    In 2021, SoftBank cut a deal to take WeWork public through a merger with a blank-check acquisition company at an $8 billion valuation. WeWork managed to amend 590 leases, saving about $12.7 ...
    11/7/2023 - 4:25 am | View Link
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