NEW YORK: Japan-based SoftBank will take control of WeWork in a bailout plan that will see the office-sharing startup’s co-founder Adam Neumann exit the board, a person close to the… Read more »
SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the… Read more »
WeWork owner The We Company took a last-minute decision on Monday to suspend preparations for an initial public offering (IPO), concerned that its stock market debut would be snubbed by… Read more »
BY: Claire Boston WeWork’s suddenly troubled IPO plans have begun to unnerve its creditors, who worry about where the cash-burning company will turn to land its next round of financing… Read more »
NEW YORK : Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million… Read more »
NEW DELHI: US-based co-working operator WeWork is expanding its India business and foraying into Pune market where it has taken on lease over 1.22 lakh sq ft office space to… Read more »
NEW YORK | BENGALURU: WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half… Read more »
BY: Sonali Basak When WeWork Cos.’ Adam Neumann sits down with investment bankers, he’s known to casually mention one of his longtime financial advisers: JPMorgan Chase & Co. Chief Executive… Read more »
BY: Ellen Huet For the past two years, WeWork Cos. has spent more than $40 million to host a series of startup pitch competitions around the world. The real estate… Read more »
BY: Gillian Tan WeWork Cos. is setting up $6 billion in financing to pursue its global ambitions, but there’s an unusual catch: It must first succeed in its initial public… Read more »