SoftBank is backing away from part of its planned bailout of WeWork, people familiar with the matter said, citing regulatory probes of the startup
SoftBank Group Corp. is backing away from part of its planned bailout of WeWork, people familiar with the matter said, privately citing several regulatory investigations of the office-sharing company.
A notice sent to WeWork shareholders Tuesday said that SoftBank believes regulatory probes into the startup’s business, including from the Securities and Exchange Commission and Justice Department, give it an out under the deal struck last fall to purchase $3 billion of WeWork shares from existing investors.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WSJ News Exclusive | Airbus Helicopter Deals Raised Red Flags Amid Probes of Jet, Defense UnitsAirbus executives raised concerns about fees paid to middlemen by its helicopter unit when it was led by current CEO Guillaume Faury, according to internal documents in the company’s $4 billion bribery settlement in January.
Leer más »
WSJ News Exclusive | Amazon Courts Walmart, Target to Join Cashierless Tech GroupThe talks highlight Amazon’s ambition to have other retailers adopt its technology—and the interest of retailers like Walmart and Target in modernizing their stores
Leer más »
WSJ News Exclusive | Marriott Starting to Furlough Tens of Thousands of EmployeesMarriott is starting to furlough what it expects to be tens of thousands of employees without pay as hotels close, but many still will get health benefits
Leer más »
WSJ News Exclusive | U.S. Military Prepares Hospital Ships for Deployment, to Open Its LabsThe U.S. military said it would open its labs, distribute key medical equipment and ready its hospital ships in response to the growing crisis surrounding coronavirus.
Leer más »
March 17 Democratic Primaries: Which States Are Voting and When Do Polls Close?Join the Journal as we cover Campaign 2020. Visit WSJ.com’s live updates and analysis, with breaking news and details from our reporters.
Leer más »