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Nov 6 (Reuters) - WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on ...
SoftBank Group (9984.T), opens new tab booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of WeWork ...
SoftBank Group would buy out all Neumann’s existing investors for about $10 billion and put another $10 billion into WeWork, giving SoftBank ownership of most of the company. Neumann would ...
The Japanese conglomerate SoftBank invested some $16 billion in WeWork before the office-sharing ... a $1.5 billion debt payment wired to a group of lenders led by Goldman Sachs on Halloween ...
WeWork is on the the verge of a financial restructuring with the assistance of its largest investor. SoftBank Group is in talks to convert about $1B of debt it has provided WeWork into equity ...
TOKYO—SoftBank 9984-1.11%decrease; red down pointing triangle Group sank deeper into the red ... from the collapse of office-sharing company WeWork. SoftBank holds a majority stake in WeWork ...
The bankruptcy of WeWork is likely to result in significant ... Kindly note that there are two companies with similar names: SoftBank Group, the parent, and SoftBank KK (OTCPK:SFBQF;OTCPK:SOBKY ...
The group said it had largely written down its exposures but that it took a ¥21.6bn loss after exchanging unsecured WeWork notes for shares and convertible bonds. Yoshimitsu Goto, SoftBank’s ...
(Claure was previously involved with WeWork, too, having stepped in as ... a managing partner at SoftBank Group International who joined the firm almost seven years ago — the move is certain ...
SoftBank Group (SFTBF 1.09%) is a Japanese holding ... SoftBank invested $4.4 million into WeWork in 2017. The company's planned 2019 initial public offering (IPO) was scrapped, and WeWork ...
epitomised by the success of its investment in Chinese e-commerce leader Alibaba Group and bankruptcy of U.S. office-space startup WeWork. SoftBank is in the midst of its most extensive spending ...
SoftBank Group (OTCPK:SFTBY) shares have fallen precipitously ... their sometimes reckless investing behavior (looking at you WeWork) and is entering a new era of risk management.