SoftBank eyes WeWork rescue valuation below $8 billion
The bank has been sharing its proposal with about 100 investors as it tries to line up support for what would be one of the riskiest debt offerings in recent years, people with knowledge of the matter said earlier this week.
Mark Mathews on why money prefers US to emerging markets
Expansion of the US market could continue a couple of years more as the economy is b...
WeWork’s mad dash for cash rages as JPMorgan peddles risky debt
JPMorgan is sharing its proposal, an unusually risky $5 billion debt package ...
$30 billion of proof that India's tech scene is back
Walmart is mulling to demerge PhonePe —the payment system and digital wallet company of Flipkart - so that its ownership will be vested directly with the US retail behemoth, offering some hope for the country’s long-awaited tech renaissance.
JPMorgan races to add rescue financier to slew of WeWork roles
JPMorgan funds are among We Co.’s largest shareholders, trailing only SoftBank Group Corp., the company’s co-founders and venture capital giant Benchmark Capital.
SoftBank plans $5 billion rescue financing for WeWork
The fund will come directly from SoftBank and not from the company’s Vision Fund. Masayoshi Son was instrumental in ousting WeWork’s controversial co-founder Adam Neumann, but is convinced the once high-flying startup can be turned around.
True Balance raises $23 million from a cohort of Korean investors
The company to use the proceeds to expand its loan book, bolster its technology and business-focused talent acquisition efforts across geographies.
Paytm in talks with T Rowe Price for its funding round
The Vijay Shekhar Sharma-led company has been in the market since early this year to shore up funds amid mounting losses and growing competition in the digital payments sector.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
"Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day."
WeWork discusses $5 billion debt package with lenders
The terms and structure of the debt package are still fluid, some of the people familiar with the matter said.
Son, SoftBank risk too much with WeWork takeover
In late September, there was talk that SoftBank would give WeWork more cash in return for a reduced price at which it acquires stock.
SoftBank seeks control of WeWork through financing package: Source
Reuters had reported that SoftBank was in negotiations to make a $1 billion investment to enable WeWork to go through a major restructuring.
Paytm to cut losses by 33% to $400 million: Vijay Shekhar Sharma
Paytm has completely cut incentives on P2P UPI transactions after seeing a group of customers conduct millions of transactions of Rs 21 between its network and other rival players.
WeWork says will file to withdraw IPO
WeWork's decision to pull its IPO was widely expected, after the company postponed the share sale earlier in September.
There is a very big opportunity in PSU stocks: Rakesh Jhunjhunwala
I have never seen such volatility, but selectively the market has bottomed out.
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