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Latest Articles in WeWork
WeWork India's Revenue Jumps 33% To Rs 800 Cr In 2021
The occupancy level at its various coworking centres has reached more than 75 per cent, enabling its entire portfolio to become profitable in November month.
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WeWork India Signs One-Year Pact With Tata Sky Broadband
Tata Sky Broadband has availed this service for its 250 employees who can choose to work from any of WeWork’s 35 locations across six cities
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WeWork India Raises Rs 200 Cr From Investors To Grow Biz
WeWork India has over 5 million sq ft of space leased in 35 locations, across NCR, Mumbai, Bengaluru, Pune and Hyderabad.
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SoftBank Reaches Settlement With Former WeWork CEO Neumann
SoftBank, which poured more than $13.5 billion into WeWork, was pulled into the legal dispute with directors at WeWork after backing out of the $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt.
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WeWork Co-Founder Neumann Nears Settlement With SoftBank
SoftBank had agreed in October 2019 to purchase around $3 billion in WeWork stock belonging to Neumann as well current and former WeWork employees. SoftBank later contested its obligation to purchase the shares.
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SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilise his investing empire.
Read MoreAnne Hathaway, Jared Leto to star in 'WeCrashed'
Anne Hathaway, Jared Leto to star in 'WeCrashed'
Read MoreFacilities Show India debuts with its Virtual Edition
Facilities Show India debuts with its Virtual Edition
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WeWork Losses Mount But 'Seismic Shift' In Office Use Seen Helping Recovery
Quarterly revenue slid 8% from the second quarter to $811 million (£618 million), while the company posted cash burn of $517 million, less than $671 million a quarter ago, WeWork
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Dettol & WeWork come together to enable a ‘safe and hygienic’ workplace
Dettol, WeWork Safe Program will facilitate a thriving work environment for the members and employees of WeWork India
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SoftBank's Vision Fund Back To Black Even As Some Of Son's Tech Bets Sting
SoftBank said it had net gain on investment from the two funds of 1.4 trillion ($13.5 billion) in the six months through September, though much of that reflected unrealised profit from portfolio companies.
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WeWork Sells Control Of China Unit; Says Unit Got $200 Million In Funding
The New York-based startup said it had almost halved its cash-burn rate from the end of last year and obtained a $1.1 billion commitment in new financing from Japan's SoftBank Group Corp.
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Softbank Partners With Oyo In Latam In Move For More Oversight
Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico
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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate
The company said in an e-mail to employees that its second-quarter results show the coronavirus pandemic has hurt business but its financial position remains strong.
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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate
WeWork has $4.1 billion in cash and unfunded cash commitments, including the $1.1 billion in new financing
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