Softbank

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WeWork Sues Erstwhile Buyer Over 'Buyer's Remorse'

Claims investor worked to ensure conditions of stock takeover wouldn't be met

(Newser) - WeWork is suing the Japanese bank that offered to save it from insolvency before backing out of a $3 billion stock takeover . In a lawsuit filed Tuesday, the special committee of WeWork's board said SoftBank and CEO Masayoshi Son took "desperate" actions to back out of the tender...

WeWork's CEO Had an 'Exit Plan.' Then the Door Closed

Inside the rise and fall of WeWork

(Newser) - A little more than a year before Adam Neumann was ousted as WeWork's CEO and exited very, very rich , he thought he was about to become very, very, very rich. As Gabriel Sherman writes in a lengthy piece for Vanity Fair , Neumann had what Sherman terms an "escape...

WeWork Founder to Get $1.7B Parachute
WeWork Founder
to Get $1.7B Parachute
Oct 22, 2019 12:09 PM CDT

WeWork Founder to Get $1.7B Parachute

SoftBank will take over the troubled communal office-space startup

(Newser) - The Wall Street Journal reports SoftBank Group Corp. has reached a deal to take control of WeWork, the communal office-space startup recently beset by problems. WeWork's board approved the deal, which would give co-founder Adam Neumann, who stepped down as CEO but remains on the board, $1.7 billion....

Trump's Latest Announcement: $50B Japan Investment

SoftBank says it will create 50K US jobs

(Newser) - Japanese billionaire Masayoshi Son is investing $50 billion in the US and creating 50,000 jobs in a deal that wouldn't have happened without Donald Trump, according to Donald Trump. Son, the CEO of SoftBank Group, joined Trump in the lobby of Trump Tower on Tuesday to announce the...

Dish Offers Up $25.5B to Buy Sprint

...Even though SoftBank already has a deal to buy it

(Newser) - Dish Network wants to buy Sprint Nextel for $25.5 billion, the satellite TV company publicly declared today, in what the Wall Street Journal calls Dish's "most audacious attempt yet" to jump into the wireless business. The bid is unsolicited, which makes sense, given that Sprint already has...

Japan's SoftBank Snapping Up 70% of Sprint

$20.5B deal a record for Japan

(Newser) - Japanese telecom giant SoftBank has finalized a $20.1 billion deal to buy 70% of American wireless carrier Sprint, reports the AP . The deal announced in Tokyo today is the biggest-ever foreign takeover by a Japanese company and still needs to be approved by Sprint shareholders and American regulators. The...

Apple Plays the Field in Japan
Apple Plays the Field in Japan
Dec 18, 2007 10:34 PM CST

Apple Plays the Field in Japan

Seeks exclusive partner for iPhones

(Newser) - Apple wants to bring the iPhone to Japan to compete with some of the most futuristic phones around, but it's being choosy in its search for a partner, Reuters reports. Apple is in talks with DoCoMo and Softbank, the country's biggest and third-biggest mobile operators respectively, but they're both wary...

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