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View all search resultsWeWork
Business 5 years ago
SoftBank reaches $1.6 billion settlement with WeWork founder, others
The legal battle stemmed from SoftBank's withdrawal in 2020 from a plan to buy $3 billion worth of shares from WeWork co-founder Adam Neumann and other investors. SoftBank said at the time the decision was made as predetermined conditions had not been met.
Business 5 years ago
WeWork gets new $1.1 billion commitment from SoftBank, cuts burn rate
The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained a US$1.1 billion commitment in new financing from majority owner SoftBank.
