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.
SoftBank plans $5 billion rescue financing for WeWork
The fund will come directly from SoftBank and not from the company’s Vision Fund. Masay...
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 ...
WeWork’s mad dash for cash rages as JPMorgan peddles risky debt
JPMorgan is sharing its proposal, an unusually risky $5 billion debt package that is WeWork’s preferred option, with about 100 investors.
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.
Freshworks eyes funding round at $3 billion valuation
In June last year, Freshworks had said that it had reached $100 million in annual recurring revenues (ARR). Analysts tracking the space peg the current ARR at $150-200 million.
Fund managers waiting out high-profile unicorn IPOs after string of flops
Disappointing performances of well-hyped IPOs are contributing to a slump in IPO market.
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.
View: A strong US consumer won't prevent a recession
The yield curve has inverted, with 10-year Treasury note yields falling below two-year yields.
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.
SoftBank’s damage From Uber, WeWork could exceed $5 billion
Uber’s share price drop was the main culprit for Vision Fund’s poor performance in the second quarter.
WeWork India may raise Rs 1,400 crore
The fundraising plans come amid controversy around WeWork’s initial public offering.
SoftBank CEO Masayoshi Son says "embarrassed and flustered" by track record
With portfolio company WeWork pulling its IPO and valuations at other key investments falling, SoftBank is struggling to attract investment to a second mammoth fund.
WeWork to open two new locations in Singapore amid cost-cutting drive
The loss-making startup is looking to trim its workforce and slow expansion to preserve cash as it seeks alternative sources of funding.
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