SoftBank clinches deal to take over WeWork

By on
SoftBank clinches deal to take over WeWork

Doubling down on ill-fated investment.

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:
finance networking softbank wework

Sponsored Whitepapers

The risky business of open source
The risky business of open source
Ensure your e-signatures are legally binding
Ensure your e-signatures are legally binding
Mitigating open source risk in your organisation
Mitigating open source risk in your organisation
How to choose a WAF that's right for you
How to choose a WAF that's right for you
The global telco 5G cloud gaming opportunity
The global telco 5G cloud gaming opportunity

Events

Most Read Articles

Telstra blasts plan to 'set aside' mobile spectrum for Optus and TPG, but not it

Telstra blasts plan to 'set aside' mobile spectrum for Optus and TPG, but not it
Defence switches on initial SAP ERP system capability

Defence switches on initial SAP ERP system capability
Tyro halts trading following week-long outage

Tyro halts trading following week-long outage
Woolworths to build a platform to host subscription-based services

Woolworths to build a platform to host subscription-based services
You must be a registered member of iTnews to post a comment.
| Register

Log In

Username / Email:
Password:
  |  Forgot your password?