SoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
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SoftBank Scraps $16 Billion Plan to Buy Most of WeWorkSoftBank Group has halted a planned $16 billion investment in shared-office space provider WeWork, opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners.
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SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billionThe Japanese tech investor will put just $2 billion into WeWork, down from plans to invest $16 billion, according to the Financial Times.
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It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart, but he quickly salvaged $2 billionAfter hearing a $16 billion investment had fallen apart, CEO Adam Neumann was reportedly able to salvage $2 billion by refusing to accept the deal was completely dead.
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Software Technology Company Raises $16M To Bring Blockchain To The Pharmaceutical IndustryDespite the currency cryptocurrency bear market, Chronicled, Inc. announced today that it has raised $16 Million in Series A funding to bring blockchain technology to the pharmaceutical industry.
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Snap Ex-CFO Tim Stone Is Walking Away From $16 Million In Latest Exit From Struggling Social NetworkSnap’s chief financial officer Tim Stone, whose departure from the social media company was revealed in a regulatory filing on Tuesday, is leaving behind about $16 million worth of restricted stock units through his departure.
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Over 250,000 Votes Later, Hawaii Villa Emerges as the House of the YearAn island home still on the market for $16 million was WSJ readers’ top choice in the annual contest.
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