News
SoftBank’s $3bn WeWork financing talks stall with Japan banks
SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm. Read more…
WeWork
News
WeWork chief Neumann ousted over valuation plunge
WeWork co-founder Adam Neumann will resign after SoftBank and other shareholders turned on him over a plunge in the company’s estimated valuation. Read more…
Features
We Company may seek much lower IPO price for WeWork
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion. Read more…
News
SoftBank’s Vision Fund hands another $3 billion to WeWork
Reuters) – WeWork Cos said on Thursday it received an additional $3 billion investment from Japan’s SoftBank Group and its Vision Fund, helping the shared-office startup ramp up its expansion globally. SoftBank’s investment will be Read more…
Off the Wire
WeWork buys Spacemob as part of $500m push into SEA and Korea
Corporate space company WeWork has followed up its $500 million expansion plan in China with another $500 million investment targeting Southeast Asia and Korea, starting with the acquisition of Singapore-based coworking company Spacemob. Spacemob founder Read more…
Off the Wire
SoftBank and Hony invest $500m to expand WeWork in China
WeWork, SoftBank and Chinese private equity firm Hony Capital have announced a new $500 million investment dedicated solely to fueling WeWork’s growth and expanding its operations throughout China. The investment vehicle, led by Hony Capital Read more…
News
Softbank weighs investment in office sharing start up WeWork
NEW YORK (Reuters) – Burgeoning interest and investment in flexible workspaces is pushing a small corner of the commercial real estate market into the corporate mainstream, and drawing one top executive from Asia to help Read more…