The tender offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork in October and gave it control of the company. Since then, WeWork's occupancy rates have plummeted amid the COVID-19 pandemic.
from Gadgets Now https://ift.tt/2KXWoMS
The tender offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork in October and gave it control of the company. Since then, WeWork's occupancy rates have plummeted amid the COVID-19 pandemic.
WeWork co-founder Neumann sues SoftBank over failed tender offer
Related Posts:
Sanctions-hit Huawei ramps up investment in Chinese tech sectorHuawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world's largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States. f… Read More
Japan's NTT weighs potential $38 billion buyout of wireless unit DocomoJapan's state-backed Nippon Telegraph and Telephone Corp (NTT) is considering taking full control of its wireless network business in a deal worth as much as 4 trillion yen ($38 billion) and which could spark a period of mobi… Read More
Xiaomi Smarter Living event 2021 live updates: Mi Smart Band 5, Mi Watch, Mi Smart AI speaker to launch in India from Gadgets Now https://ift.tt/3jbDn9a … Read More
Twitter appoints Rinki Sethi as new information security headTwitter Inc appointed Rinki Sethi, a former information security executive at IBM, as its chief information security officer, the social media company said in a tweet. Sethi had previously worked as the vice president of info… Read More
Three top Apple suppliers to commit $900 million to India smartphone incentive plan: SourcesIndia's new $6.65 billion production-linked incentive (PLI) scheme offers companies cash incentives on any increase in sales of locally-made smartphones over the next five years, compared with 2019-20 levels. Foxconn, Wistron… Read More
0 comments:
Post a Comment