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Topic

WeWork

WeWork to begin accepting payments in cryptocurrencies

WeWork to begin accepting payments in cryptocurrencies

Published 20 Apr, 2021 05:59pm
  • WeWork is the latest in a string of popular companies to announce plans to incorporate cryptocurrencies in their businesses.
  • Visa Inc said last month it would allow payment settlements using cryptocurrency while PayPal Holdings Inc launched a crypto checkout service on March 30.
Adam Neumann's final WeWork act: helping SoftBank's SPAC deal

Adam Neumann's final WeWork act: helping SoftBank's SPAC deal

Published 29 Mar, 2021 07:04pm
  • Neumann was locked in a fierce legal battle at the time with SoftBank over a $3 billion deal for a portion of his and other investors' stake in the office space-sharing company.
  • Ranadivé's SPAC had been looking for an acquisition target after raising $420 million in an IPO in August.
WeWork takes SPAC route to go public in $9bn deal

WeWork takes SPAC route to go public in $9bn deal

Published 26 Mar, 2021 06:15pm
  • It marks a steep drop from the $47 billion that WeWork was valued for a listing in 2019, ahead of a botched listing plan that imploded due to investor concerns over its business model and its founder Adam Neumann's management style.
  • The startup told prospective investors it lost about $3.2 billion last year as part of a pitch for a stock market listing by merging with a special purpose acquisition company.
Tokyo stocks open higher after rout

Tokyo stocks open higher after rout

Published 01 Mar, 2021 11:00am
  • Mizuho Financial Group was up 0.80 percent at 1,571.5 yen after the banking group said it had restored its ATM and online services.
SoftBank reaches deal with WeWork

SoftBank reaches deal with WeWork

Published 28 Feb, 2021 04:55am
TOKYO: Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann ...
SoftBank reaches settlement with former WeWork CEO Neumann

SoftBank reaches settlement with former WeWork CEO Neumann

Published 27 Feb, 2021 10:43am
  • SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann’s payout from SoftBank.
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