WeWork to Go Public Via SPAC Merger in $9B Deal
The office-sharing startup is capitalizing on the SPAC boom following investor rejection of the IPO due to its losses.
CFOs On the Move: Week Ending September 11
HP, WeWork, GreenSky, San Diego Zoo Global, OpenX, DiscGenics, Medly Pharmacy, MaxCyte
SoftBank Shuns Call for Board Oversight of Vision Fund
Elliot Management wants the group to create a subcommittee to supervise the fund’s investment process.
SoftBank Posts Record $12.7B Operating Loss in 2019-20
The company’s tech fund reported a loss of $17.7 billion.
WeWork Investors Will Take ‘Necessary Actions’ If SoftBank Bails on Bailout
SoftBank agreed to the bailout deal in October.
CFOs On the Move: Week Ending March 6
WeWork, JD.com, MGA Entertainment, Philip Morris, NetApp, Red River, Ambyint, TravelCenters of America, Euler Hermes, Toyota
SoftBank Posts Record Loss on Startup Bets
“My own investment judgment was really bad. I regret it in many ways," CEO Masayoshi Son admits.
Why an Investor Soured on Softbank
Vitaliy Katsenelson revered Softbank's founder and thought he'd own the company's stock for decades. Why he changed his mind is instructive for CFOs.
WeWork Founder Gets $1.7B Payout to Leave Company
Adam Neumann will sell shares in the struggling office sharing startup and receive a line of credit and a consulting fee as part of a bailout deal.
WeWork Delays its IPO
The office-sharing startup is pushing back its public debut as investor confidence grows shaky.