wework

WeWork is once again looking to go public — but only if it starts making money.The beleaguered office-sharing startup could take another shot at an initial public offering after it becomes

The mystery player behind the unprecedented summer-long rally in tech stocks appears to be the colorful billionaire CEO of Japanese conglomerate Softbank. Masayoshi Son, known for making big plays in tech giants like Alibaba and Uber, has spent billions of dollars buying options on individual tech stocks starting in the spring, according to multiple reports …

SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($14.8 million), even as the fund’s underperformance pushed SoftBank to a record $13 billion operating loss. The figure was second only to remuneration for SoftBank Group Chief Operating Officer Marcelo Claure, which rose …

The coronavirus has claimed some of SoftBank’s “unicorns” as casualties — and its billionaire CEO used a fantasy-driven slide presentation to illustrate the problem. The Japanese investment giant reported an $18 billion loss for its Vision Fund Monday after its buzzy “unicorn” tech startups like Uber and WeWork fell into what CEO Masayoshi Son called …

WeWork’s tenants are lawyering up. Attorneys for cash-strapped clients of the office-subleasing startup are demanding that the company stop billing them for office space they can’t use because of coronavirus lockdowns and that it return the cash it has already collected for April and May. “As long as this pandemic prohibits our clients from using …

SoftBank warned investors that it expects to report a massive loss this year, thanks in part to the coronavirus wreaking havoc on already-struggling investments like WeWork. The Japanese conglomerate said in a statement that its famed $100 billion Vision Fund will see an operating loss of $12.5 billion for the fiscal year, its third consecutive …

WeWork has sued SoftBank after the Japanese conglomerate said last week that it’s backing out of a $3 billion offer for shares in the struggling office-sharing startup. In the lawsuit, which was widely expected after the tender was yanked last week, a special committee on the board of WeWork’s parent We Co. alleged that SoftBank …

Office-leasing giant WeWork is in talks to hire an outside adviser to help it renegotiate its leases as the coronavirus outbreak threatens rent revenues around the world. The New York company, which leases office space and then sublets it to entrepreneurs and other businesses, is in talks to hire real-estate brokerage Newmark Knight Frank to …

WeWork doesn’t want to hear about New York’s coronavirus lockdown — it just wants to know where your rent check is. The cash-strapped subleasing giant is keeping all of its Big Apple office-sharing spaces open and refusing to give subtenants a break on the rent — even though most have been barred from going to …

Shared-office operator WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had at year-end 2019 is enough to execute its five-year plan and manage the challenges posed by the coronavirus crisis. WeWork, whose losses more than doubled to $1.25 billion as of the third quarter of 2019, told bond investors …