Gillian Tan
Stories by Gillian Tan
SoftBank’s WeWork rescue plan said to value startup below $8b
The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January.
SoftBank Vision Fund partner overseeing Didi Chuxing, Grab resigns
David Thevenon, whose portfolio companies include small-business lending platform Kabbage, has resigned to pursue other opportunities.
SoftBank ropes in Houlihan Lokey to advise on WeWork restructuring
WeWork prefers a plan led by JPMorgan Chase & Co. to arrange a $5 billion financing package to a Softbank-led rescue package.
WeWork said to prefer JPMorgan lifeline over SoftBank rescue
WeWork's preferred option is a roughly $5 billion financing package led by JPMorgan, which may include at least $2 billion of unsecured payment-in-kin
WeWork formally withdraws IPO after botched fundraising effort
WeWork had a deadline for completing a successful stock listing by year-end to secure a $6-billion loan.
WeWork’s new co-CEOs will seek to bring order to the chaos caused by botched IPO
They must also soothe anxious investors, leery of the company’s huge expenses, its history of unconventional governance structures and persistent in
WeWork’s Adam Neumann steps down from CEO role as IPO plan hits wall
The move is designed to salvage an IPO, which had been met with scorn from public investors.
WeWork’s Adam Neumann picks Nasdaq over NYSE for listing
The win for Nasdaq is also less sweet than it would have been six months ago, when WeWork was still touting a $47 billion valuation in the private mar
WeWork mulls changes to governance standards to allay investor concerns ahead of IPO
Its lead financial advisers, JPMorgan and Goldman Sachs, have concerns about proceeding with an IPO that could value the company as low as $15 billion
Anbang sells US luxury hotel portfolio to S Korea’s Mirae for $5.8b
Anbang bought the properties’ owner, Strategic Hotels & Resorts Inc., from Blackstone Group Inc. for about $5.5 billion in 2016.
