softbank
WeWork targets Chapter 11 exit by May 31, secures $8 billion in rent reduction
The SoftBank-backed company's post-bankruptcy business plan is premised on a significant reduction in future rent costs from its landlords.
WeWork, once most valuable US startup at $47B, succumbs to bankruptcy
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets on companies using more of its...
'Let's wake up': Softbank CEO expects AI will surpass human intelligence within 10 years
“It would be sad to be on the side that gets left behind, like an old, shuttered high street,” he said, and called on Japanese companies to “wake up” to...
Arm smashes expectations in eye-popping Nasdaq stock debut
Arm's listing is being closely watched for signs of a revival in the IPO market that also awaits the high-profile listings of marquee startups including grocery delivery firm Instacart and marketing firm Klaviyo.
Shares of Better — mortgage firm that fired 900 workers via Zoom — tank 95% in debut
The company went public via a blank-check company merger just as mortgage rates have hit two-decade highs.
WeWork takes drastic step to comply with NYSE listing rules again
WeWork, once privately valued at $47 billion, now has a market capitalization of about $336 million in a stunning reversal of fortune.
SoftBank CEO had a crisis of confidence that left him in tears for days
SoftBank CEO Masayoshi Son revealed during the company's annual meeting in Tokyo that he cried for a few days when questioned about his entrepreneurship back in October because he realized...
Paul Singer's hedge fund cuts Softbank stake, profits despite Chinese tech crackdown
Elliott Management has quietly reduced its position in Masa Son’s SoftBank Group, The Post has confirmed. And the Paul Singer-run hedge fund has made a tidy profit in the process...
China looking to take ride-hailing giant Didi under state control amid tech crackdown
China’s government is reportedly looking to take control of ride-hailing giant Didi, the latest development in a broader crackdown that has kept Chinese tech companies and investors on their toes...
Masa Son pours money into new fund as Softbank scales back China bets
The billionaire investor behind tech companies like WeWork, Alibaba and Doordash plans to invest $2.6 billion of his own money for a 17 percent stake in SoftBank's most recent venture...
Robot that can 'read emotions' keeps getting fired from jobs
Japanese-based Softbank Group announced last week it was pressing pause on “Pepper”, an artificial intelligent robot it started producing in 2014, after multiple “firings.”
Uber rival and Chinese ride-hailing giant Didi files for IPO
Didi Chuxing, China's biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world's biggest initial...
WeWork’s ousted CEO Adam Neumann gets sweetener in new exit package
WeWork's ousted CEO Adam Neumann might finally find the door with a renegotiated exit package. Neumann received a juiced-up stock award worth $245 million, on top of $200 million in...
SoftBank-backed real estate giant Compass valued at $8.2B in NYSE debut
Shares of SoftBank-backed Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the...
Ousted WeWork founder's role in deal to take company public revealed
An unlikely figure helped set the spark for SoftBank Group’s $9 billion deal to take WeWork public. Adam Neumann, WeWork’s co-founder and ousted chief executive, met in November with the...
WeWork founder Adam Neumann reportedly eyes settlement with SoftBank
Adam Neumann's golden parachute keeps getting smaller. The WeWork co-founder is discussing a settlement with SoftBank that would cut his payout from the Japanese investment giant roughly in half, according...
SoftBank launches $525 million SPAC to invest in robot 'revolution'
WeWork owner SoftBank is ramping up its investments in artificial intelligence -- a move that appears to be tied to its eccentric founder’s obsession with robots taking over the earth....
Hyundai to take over robot-maker Boston Dynamics
Hyundai Motor Group just bought itself a new robotic pet. The South Korean automaker announced plans Friday to take a controlling stake in Boston Dynamics, the cutting-edge tech firm known...
WeWork killed Adam Neumann's $185M consulting gig, exec says
Adam Neumann’s golden parachute just lost nine figures. The erstwhile founder and CEO of WeWork appears to have had his $185 million consulting fee yanked, according to his replacement who...
We Company reportedly changing its name back to WeWork
The We Company, parent of money-losing shared office provider WeWork, which last year yanked plans to go public after harsh criticism over its business model and erratic management, is dropping...