SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5 billion financing rescue that The We Company — parent of New York-based WeWork — is...
WeWork could run out of money by next month — despite the fact that it was valued at $47 billion just nine months ago, making it America’s highest-valued private firm at the time. While it was expected to be the biggest one of the biggest...
The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported on Sunday (Oct. 13) Lead investor SoftBank has a financing package in place to command WeWork and put the firm’s...
WeWork’s parent company is ready to postpone its initial public offering (IPO). The news follows reports that SoftBank — the company’s biggest investor — asked WeWork to shelve its plans to go public due to questions over how much the company is worth. In addition,...
February 07, 2020
The decline of WeWork over the last year has had ripple effects, depressing investor confidence in the entire brand of property technology (PropTech), to which WeWork belongs. PropTech encompasses everything from building management technology — like sensors that capture real-time temperature-change data — to things like Opendoor, which allows users to buy and sell homes via […]
October 21, 2019
SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5...
October 18, 2019
WeWork could run out of money by next month — despite the fact that it was valued at $47 billion just nine months ago, making it America’s highest-valued private firm...
October 13, 2019
The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported on Sunday (Oct. 13) Lead...
