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Tag Archives: SoftBank

The CEO of SoftBank says that after WeWork no rescue investments are made

Masayoshi Son, Chairman and CEO of SoftBank Group at SoftBank World 2018 in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Masayoshi Son, CEO of SoftBank, will not call WeWork a bailout. Instead, he said the recent funding has enabled his company to dramatically lower the average share price it paid for the co-working company. Nevertheless, he described it …

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SoftBank takes a big hit as WeWork Bet Sours

TOKYO – The Japanese SoftBank Group announced on Wednesday that it has made a billion-dollar write-down in connection with its stake in WeWork and Uber, two eye-catching technology companies that have become flagships culture . The SoftBank Group is the world's largest tech investor and has a $ 100 billion vision fund, which is funded by its own funds and …

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The Masayoshi son of SoftBank seemed to fall asleep at a conference on stage

The boss of the Japanese investor SoftBank is probably exhausted after the dramatic controversy surrounding WeWork. This may explain why he had fallen asleep at a conference on stage this week, the Future Investment Initiative conference titled "Davos in the Desert", which took place in Saudi Arabia. The conference was streamed live on YouTube and includes footage from the Son …

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WeWork Rescue: SoftBank will own most of the company as Adam Neumann receives a large payout

SoftBank [194559002] ( SFTBF ) will pump $ 5 billion into The We Company and accelerate $ 1.5 billion in capital, according to one of the two issued statements, the company originally due the company next year. SoftBank, already WeWorks largest investor, also offers to buy shares worth up to $ 3 billion from existing investors and shareholders. SoftBank's Vision …

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WeWork confirms a $ 8 billion lifeline from the SoftBank Group; Appoints New CEO – TechCrunch

In confirmation of earlier reports, We Company and the SoftBank Group agreed on a new capital injection, with SoftBank earmarking $ 5 billion in new financing and a $ 3 billion takeover bid for shareholders emits. This would accelerate an existing commitment to invest $ 1.5 billion in short-term real estate leasing. Under the terms of the agreement, WeWork will …

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SoftBank takes control of WeWork

A man enters the doors of the Cooperative Cooperation Room & # 39; WeWork & # 39; in Washington, DC. Almond Ngan | AFP | Getty Images SoftBank has signed a deal to acquire WeWork, the cooperating company said. The Japanese conglomerate will offer $ 5 billion in new financing and a $ 3 billion takeover bid for existing shareholders. …

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WeWork includes rescue plans from SoftBank and JPMorgan

WeWork's board, which does not have enough money for shared office space, was able to choose between two competing financial bailouts on Tuesday, experts said. One is offered by SoftBank and the other by a financial consortium led by JPMorgan Chase. SoftBank, a Japanese technology group that is already WeWork's largest external shareholder, offers to acquire a controlling stake by …

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SoftBank takes control of WeWork: Sources

SoftBank is in very advanced talks to take control of WeWork, the company familiar with the matter. SoftBank, led by Japanese billionaire Masayoshi Son, plans to spend between $ 4 billion and $ 5 billion New funding and existing shares, sources said. The contract will value WeWork on pre-financing basis, worth between $ 7.5 billion and $ 8 billion, and …

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