In his statement to Bisnow, Spiro accused WeWork of “seeking to rush an insider deal with a current technology ... an agreement to write down debt with SoftBank, which holds 92% of the firm ...
In 2021, SoftBank cut a deal to take WeWork public through a merger with a blank-check acquisition company at an $8 billion valuation. WeWork managed to amend 590 leases, saving about $12.7 ...
TOKYO—SoftBank Group sank deeper into the red in the July-September period as its technology investments struggled and losses piled up from the collapse of office-sharing company WeWork.
SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss. The company said the Vision Fund gain was due to a gain arising from the sale ...