SoftBank clinches deal to take over WeWork

By

Doubling down on ill-fated investment.

SoftBank clinches deal to take over WeWork
SoftBank Group Corp agreed to spend more than US$10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday. The deal represents a stunning reversal of fortune for the ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Australia's super funds told to assess authentication controls

Australia's super funds told to assess authentication controls

ANZ Institutional readies go-live for "multi-agent chatbot" amie

ANZ Institutional readies go-live for "multi-agent chatbot" amie

Westpac hires CBA's data chief to lead AI, data and digital

Westpac hires CBA's data chief to lead AI, data and digital

Lockheed Martin's IT business nears $7bn sale

Lockheed Martin's IT business nears $7bn sale

Log In

  |  Forgot your password?