Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, b
The SoftBank logo seen in Tokyo, Japan, June 16, 2020. /VCG To pay down debt and buy back shares, SoftBank quietly sold an additional 2.2 billion U.S. dollars of its shares in Alibaba Group in
Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into
WeWork, the once $47 billion company that was on the brink of a public offering, has been divesting a great number of its assets as it looks to right the course since releasing its S-1, which exposed
SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son’s technology group.So
Masayoshi Son, chairman and CEO of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Wednesday, Feb. 12, 2020./VCG Photo SoftBank Group Corp Chief Executive Masayoshi S
SoftBank Group Corp unveiled a series of transactions on Monday to divest more than 21 billion U.S. dollars worth of stock in U.S. wireless carrier T-Mobile U.S. Inc, as it seeks funding for a 41
There is a flurry of news out of SoftBank this morning, which announced its Fiscal Year 2019 (ending March 31, 2020) financial results overnight. It’s been a bad year for the Vision Fund, with huge l
SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of
WeWork co-founder Adam Neumann accused Softbank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender o
Just days after SoftBank announced that it would not consummate its $3 billion tender offer for WeWork shares that would have bought out some of the equity held by the company’s co-founder Adam Neuman
Meetup, the social networking platform designed to connect people in person, is being spun out from shared office space provider WeWork, the company confirmed on Monday. The site is being sold to Alle
Broadband constellation satellite operator OneWeb will file for bankruptcy protection in the U.S., likely some time Friday, after attempts to secure new funding, including from existing investor Soft
The Wall Street Journal is reporting that SoftBank Group is using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders.WeWork&
When SEO and marketing company Conductor sold to WeWork in March 2018, it was a bit of a last-ditch effort. Leading up to the sale, Conductor’s executives and employees owned around 9% of the co
On the heels of her conversation-driving Twitter thread on 2020’s venture fundraising climate, Hustle Fund’s Elizabeth Yin converted her thoughts into an op-ed for TechCrunch. In keeping w
VCG Photo SoftBank Group Corp reported a near-total wipe out in quarterly profit on Wednesday after the Japanese technology investor was whiplashed for a second consecutive quarter by losses a
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