Gillian Tan
Stories by Gillian Tan
WeWork to lay off 2,400 employees globally
The job cuts represent almost 20% of the company’s global workforce, which totaled 12,500 as of June 30.
SoftBank execs said to mull trimming WeWork offer, Neumann payout
The discussions at SoftBank centre around shrinking a $3 billion tender offer for WeWork shares owned by founders, employees and investors.
GIP said to seek $5b for debut emerging markets fund
The fund will focus on transport, energy, water and waste investments in middle-income countries in Latin America and Asia, excluding India.
SoftBank’s second Vision Fund makes a rather unspectacular start
The Japanese company is said to have raised roughly $2 billion for the second Vision Fund.
SoftBank-backed WeWork doubles quarterly loss to $1.3b
Revenue in the quarter was $934 million, up from $482 million a year earlier.
Qatar wealth fund buys St. Regis New York from Marriott for $310m
Qatar Investment Authority has been boosting its investments in the U.S., including buying stakes in retail properties in Manhattan.
Burgers, digital pharmacy said to draw SoftBank Vision Fund 2’s attention
Among the startups that SoftBank is weighing investments in are Alto Pharmacy, Creator and Memphis Meats.
SoftBank Vision Fund planning writedown of at least $5b
The move reflects a plunge in the value of some of its biggest holdings including WeWork and Uber Technologies Inc.
WeWork to prioritise profit over growth, staff downsizing on cards
WeWork is reeling from a botched IPO that led to the departure of its CEO and left the business financially strapped.
SoftBank said to take control of WeWork, Neumann to exit board
Neumann is expected to sell a little under $1 billion of stock to the Japanese investment firm as part of the deal,
