Celebrating 10 Years of Trusted News Discovery
One News Page
> >

SoftBank seeks to avoid WeWork's liabilities with new investment: sources

Reuters Saturday, 19 October 2019
SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.
Credit: Rumble - Published < > Embed
News video: Sources: SoftBank offers WeWork $5 billion buyout

Sources: SoftBank offers WeWork $5 billion buyout 01:01

SoftBank has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday. Tamara Lindstrom reports.

Recent related videos from verified sources

SoftBank Group CEO Regrets WeWork Bet That Did Not Pay Off [Video]SoftBank Group CEO Regrets WeWork Bet That Did Not Pay Off

SoftBank Group, SoftBank Group, the largest tech investor globally, reported its first quarterly earnings loss in 14 years on Wednesday, after losing $4.7 billion on its WeWork investment.

Credit: Cheddar Inc.     Duration: 02:34Published

SoftBank Has Officially Taken Over WeWork [Video]SoftBank Has Officially Taken Over WeWork

SoftBank has officially taken over WeWork with an 80 percent stake in the company and will provide $5 billion in new financing. Former CEO, Adam Neumann, will remain a board observer.

Credit: Cheddar Inc.     Duration: 00:16Published

You Might Like

Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.