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The two companies are closely entwined, with hundreds of SoftBank staff using space at the two companies’ Japanese joint venture.
Softbank may make an investment between $15 billion and $20 billion in WeWork, giving it a majority stake in the coworking-space company, according to a Wall Street Journal report on Tuesday. The discussion is ongoing and a deal is not guaranteed.
WeWork's flagship UK building is profitable, in what the company will see as a vindication of its model. The company still needs to prove it can expand more cheaply, making sustained profits more likely. It'll also need to convince people it can navigate risks like a downturn.
Masayoshi Son wants to flood startups with insane cash as SoftBank plans new $100 billion fund every few years
SoftBank CEO Masayoshi Son plans to throw an insane amount of cash at startups over the next decade, saying that the firm will raise a new $100 billion fund every few years.
Office occupancy startup WeWork is raising a further $1 billion in convertible debt from one of its existing investors, SoftBank. The unusual mechanism gives WeWork an immediate cash injection, as it continues to funnel money into expanding its shared office business globally.
WeWork bans meat at company events and won’t let employees expense meals that include meat because it’s bad for the environment
WeWork is banning meat because it's bad for the environment. The company estimates the policy will save 445.1 million pounds of Carbon Dioxide emissions by 2023.
WeWork documents reveal it owes $18 billion in rent and is burning through cash as it seeks more funding
WeWork plans to raise more funding through a $500 million bond sale.
The exclusive no-men-allowed club that’s raised over $32 million from investors like WeWork is going international
The Wing, a women-only coworking space and club, announced it's opening six new locations, including London and Toronto.
Airtable has become a sleeper hit in Silicon Valley, with WeWork and Tesla included among its customers.
A women’s only club that raised $32 million is under investigation by New York’s human rights commission for excluding men
The Wing is under investigation of the New York City Commission on Human Rights due to its strict no-men-allowed club rules.