SoftBank scales back on second Vision Fund
SoftBank has retraced back on its second Vision Fund following the failure of big investments including WeWork by its first fund rattled partners such as Saudi Arabia, reports Bloomberg Quint. The news was first reported by the Sunday Telegraph. According to the publication, SoftBank is expected to fall significantly short of the $108 billion for […]
SoftBank to control WeWork operations
WeWork is desperate to find a solution to shore up its financial status after its New York parent company, We Co. pulled back on its decision for an initial public offering (IPO) and the company’s founder, Adam Neumann decided to step down. Amid this financial crunch, WeWork sought negotiations with its largest shareholder SoftBank. In […]
WeWork’s parent company unveils papers for IPO
WeWork’s parent company unveiled the papers for its initial public offering Wednesday, taking the next step toward the office-space firm’s high-profile debut as soon as September, reports Maureen Farrell of the Wall Street Journal. The filing gives the most detailed financial picture to date of We Co., which was known as WeWork Cos. until recently. […]
