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WeWork CEO and co-founder Adam Neumann
News

SoftBank Looking At Buying Majority Stake In WeWork For Up To $20B

... well as the potential majority purchase, have come from SoftBank Vision Fund, the company's venture capital arm funded by ... discussions that started earlier this year surrounding further investment by SoftBank that would value WeWork at $40B, a number that ...

Oct 10, 2018
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Grocery Store
News

SoftBank Invests Billions In Food Delivery As It Integrates Further Into Grocery Stores

... 3B to $5B funding round led by SoftBank Vision Fund, Bloomberg reports. SoftBank will be at the forefront of the investment ... :  A previous version of this story incorrectly listed where Softbank is based. The investment giant is a Japanese conglomerate ...

Aug 08, 2018
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WeWork exterior
News

SoftBank Commits $1.1B To Shore Up WeWork

WeWork's revenue for Q2 2020 came in at $882M, a 9% increase from a year earlier, according to a memo by Chief Financial Officer Kimberly Ross that Reuters obtained. In Q1, WeWork took in revenue of $1.1B, with a cash burn of $482M for the quarter. The ...

Aug 16, 2020
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SoftBank-Backed Indian Hotel Startup Oyo Might Be Following In WeWork's Footsteps
News

SoftBank-Backed Indian Hotel Startup Oyo Might Be Following In WeWork's Footsteps

... $10B after its latest fundraising round of $1.5B, with SoftBank's startup-focused fund controlling 50% of ownership shares. Agarwal ... took out a personal loan to finance the purchase. SoftBank CEO Masayoshi Son has reportedly pushed Oyo to maintain and ...

Jan 05, 2020
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SoftBank Installs More Executives At WeWork Leadership, Seeks Way To Shrink Bailout Package
News

SoftBank Installs More Executives At WeWork Leadership, Seeks Way To Shrink Bailout Package

... reports. Claure, who still holds an executive position at SoftBank, was picked to lead WeWork after the investment conglomerate's ... takeover. Two more SoftBank executives will be joining WeWork's C-suite: Ralf ...

Nov 24, 2019
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The Swift development in Petworth, which includes 62K SF of retail anchored by Safeway
News

SoftBank-Owned Real Estate Firm Buys Petworth Retail Property For $20M

... . neighborhood.  Fortress Investment Group, an investment fund manager owned by SoftBank, paid $20.2M for the Safeway grocery store that anchors ...

Aug 23, 2019
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Cash, money, dollars, spending, investment, foreign investment
News

SoftBank Buys NY's Fortress Investment Group For $3.3B

Japanese telecom behemoth SoftBank Group bought out New York private equity firm Fortress Investment ... and has $70.1B of assets under management, CoStar reports. SoftBank is a multinational telecommunications and internet firm worth $85B, and ...

Feb 16, 2017
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Marcelo Claure Is Out At SoftBank After Billion-Dollar Pay Dispute
News

Marcelo Claure Is Out At SoftBank After Billion-Dollar Pay Dispute

... — for which he was reportedly seeking as much as $1B. SoftBank founder Masayoshi Son confirmed the departure in a statement late ... Thursday. Michel Combs was named as the head of SoftBank Group International, where Claure was CEO. “Marcelo has made ...

Jan 28, 2022
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Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank
News

Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank

... power, Bloomberg reports. After the financing deal is completed, SoftBank will seek another debt package worth $3.3B to ... Bucey also joining WeWork's C-suite from SoftBank executive positions. Financially, SoftBank has changed its focus with WeWork as well ...

Dec 10, 2019
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Self-storage unit
News

Storage Startup Clutter, Backed By SoftBank, Aims To Disrupt Self-Storage

... a $200M Series D funding round, which was led by SoftBank Investment Advisors. That round put the company's valuation at ...

Sep 25, 2019
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