Latest News

Reserve Bank of Australia CIO retires

NAB's SecOps rethink focuses on data expert and dev hires

Bunnings turns agentic focus to trade and commercial customers

Anthropic alleges Alibaba illicitly extracted Claude AI model capabilities

US FCC toughens submarine communication cable rules

SoftBank clinches deal to take over WeWork

By Anirban Sen and Greg Roumeliotis

Oct 23 2019 6:38AM

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

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

financial services networking softbank wework

Partner Content

The hidden economics of AI: Why token usage matters more than you think

Partner Content The hidden economics of AI: Why token usage matters more than you think

AI agents are reshaping identity governance, and attackers are already exploiting the gap

Partner Content AI agents are reshaping identity governance, and attackers are already exploiting the gap

Digital sovereignty is no longer optional - Agentic AI has made it fundamental

Promoted Content Digital sovereignty is no longer optional - Agentic AI has made it fundamental

Why resilient communications are becoming critical infrastructure for modern enterprise IT

Promoted Content Why resilient communications are becoming critical infrastructure for modern enterprise IT

Sponsored Whitepapers

Innovate anywhere with HPE and Azure Local

Innovate anywhere with HPE and Azure Local

Cloud Covered Report: New Zealand

Cloud Covered Report: New Zealand

How healthcare organisations can get more value from cloud

How healthcare organisations can get more value from cloud

The governed agent: A new framework for responsible AI at scale

The governed agent: A new framework for responsible AI at scale

Securing Machinery of Government changes

Securing Machinery of Government changes

Events

Most Read Articles

CBA appoints new group CIO

CBA appoints new group CIO

Westpac brings automation and AIOps to life, chasing CPU and memory alerts

Westpac brings automation and AIOps to life, chasing CPU and memory alerts

Westpac taps Macquarie BFS' CIO as its new IT leader

Westpac taps Macquarie BFS' CIO as its new IT leader

Suncorp to have AI agents in insurance claims process as soon as this month

Suncorp to have AI agents in insurance claims process as soon as this month

Sydney-based AI-cloud waste startup raises $3m

Sydney-based AI-cloud waste startup raises $3m

Brennan uses NiCE to modernise its contact centre

Brennan uses NiCE to modernise its contact centre

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Interactive introduces private cloud platform

Interactive introduces private cloud platform

Digital61 expands cybersecurity portfolio

Digital61 expands cybersecurity portfolio

Most popular tech stories