wework

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WeWork Q4 2022 Results Demonstrate Company Accomplished Targets by Prioritizing Expense Reduction

By Tolu Ajiboye Feb 16, 2023

The CEO of WeWork believes that the company’s Q4 2022 performance is a testament to employee efforts and product value. 

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WeWork Announces Crypto as New Form of Payment 

By Ibukun Ogundare Apr 21, 2021

Like Tesla, WeWork said that it would be showing crypto on its balance sheet. The company added that it would pay landlords and third-party partners with crypto. 

Business News, Market News, News

SoftBank to Buy WeWork Shares from Co-founder Adam Neumann

By Kofi Ansah Feb 23, 2021

WeWork is looking at a second attempt at a public listing and should complete a settlement with SoftBank.

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SoftBank Pours $215 Million Investment in Gamified E-Learning Ed-Tech Platform Kahoot

By Bhushan Akolkar Oct 14, 2020

SoftBank acquired nearly 10% in the Norweigen ed-tech startup Kahoot that offers a gamified e-learning experience to users. The platform has seen massive growth in 2020 and plans to go public by the next year.

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WeWork China Sells Majority Stake to Trustbridge Partners

By Tolu Ajiboye Sep 24, 2020

As WeWork China continues to cut costs globally, Trustbridge Partners has invested $200 million to own a majority stake in the company. As a result of the investment, a Trustbridge Partners’ executive becomes CEO.

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Nvidia Agrees to Buy Arm Holdings from SoftBank in $40 Billion Deal

By Bhushan Akolkar Sep 14, 2020

Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc.

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Walmart Wanted to Solely Own TikTok U.S. Operations and Partnered with Alphabet and SoftBank

By Tolu Ajiboye Aug 28, 2020

Before now, Walmart wanted to be sole owner of TikTok U.S., and also partnered with SoftBank and Alphabet for the acquisition.

Business News, News

WeWork Gets New Commitment of $1.1 Billion from SoftBank

By Tolu Ajiboye Aug 14, 2020

Embattled workspace sharing company WeWork has received a new commitment from Japanese multinational conglomerate SoftBank.

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Crypto and Blockchain Firm Diginex Set to List on Nasdaq via Reverse Merger after Acquiring 8i

By Steve Muchoki Jul 30, 2020

Crypto and blockchain solutions firm Diginex is set to list on Nasdaq via a reverse merger deal. Diginex is also said to have partnered with institutional investors, corporations, and governments to ensure further digital adoption.

Business News, IPO News, News

WeWork Chairman Confirms Positive Cash Flow Is Due in 2021, Year Ahead of Schedule

By Godfrey Benjamin Jul 13, 2020

WeWork has experienced a rather turbulent period but now it is expected that already in 2021 it will start getting profits.

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SoftBank Plans to Sell $21 Billion Worth of T-Mobile Shares

By Godfrey Benjamin Jun 23, 2020

SoftBank’s decision to sell T-Mobile shares is part of the company’s efforts to boost liquidity in a bid to fight the negative economic of the coronavirus pandemic.

Business News, News

Jack Ma to Quit SoftBank Board, Vision Fund Posts Record $18 Billion Loss

By Muhaimin Olowoporoku May 18, 2020

Jack Ma, China’s richest man and co-founder of Alibaba Group, is going to leave the board of SoftBank on June 25. SoftBank’s Vision Fund has announced that its losses amount to $18 billion.