By Carolina Mandl, Aditi Shah and Anirban Sen SAO PAULO/NEW DELHI/BENGALURU: SoftBank Group is taking a direct role in managing its virus-hit hospitality startup Oyo’s operations in Latin America through… Read more »
DUBAI:Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had entered into a $5.5 billion real estate investment partnership with a consortium led by Apollo Global Management Inc (APO.N)…. Read more »
NEW YORK: The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year… Read more »
BENGALURU: London-listed real estate adviser Savills Plc on Thursday reported a 69% slump in first-half pretax profit as commercial deal activity was hammered by coronavirus-led restrictions that prevented property visits… Read more »
SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm has not met the conditions… Read more »
NEW DELHI: Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has bought the Warner Estate in Beverly Hills from media mogul David Geffen for $165 million ( Rs 1200… Read more »
WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with the matter said on Monday, as the U.S. office-sharing start-up… Read more »
WeWork said it received an early payment of $1.5 billion from SoftBank Group, as the co-working company was weeks away from running out of money. As a result, a slate… Read more »
BOSTON: Fidelity Investments cut the value of Contrafund’s stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup’s failed initial public offering (IPO). Fidelity disclosed… Read more »
SINGAPORE: Ascendas Real Estate Investment Trust (REIT) said on Friday it is buying 30 business park properties in the United States and Singapore for about S$1.66 billion ($1.22 billion) from… Read more »