Michael Kovac/Getty Images for WeWork
SoftBank said on Thursday it would be "irresponsible" to continue with the deal under the circumstances. Townsend added that WeWork had not met certain conditions, "leaving SoftBank no choice but to terminate the tender offer."
Source: News Formal (newsformal.com)
We”work” was run by people one sandwich short of a picnic 🧺 they probably think the virus is a hoax by 14 foot lizards 🦎 in human suits like the queen of England
Bullish
Gotta cut WeWork losses now. Better sooner than later.
Yoh...😳
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank is abandoning its $3 billion WeWork tender offer - Business InsiderSoftBank abandoning a plan to buy $3 billion of WeWork shares from investors and employees, a move that could cost $1.1 billion in debt financing. SAI Greenbackd further to our exchange 👋🏼💰👆🏽 GEanalyst Time for INTROSPECTION unmistakably! Imagine i or any other random guy here in Internet has a great idea and .. is poor, so I can’t reach SB, but a limited IQ person has someone that can. Deal! Here is the outcome, gentlemen.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank Says It Won’t Buy WeWork Co-Founder Neumann’s SharesJapanese tech giant SoftBank terminates an offer to pay up to $3 billion for shares in office-space provider WeWork, depriving co-founder Adam Neumann of a potential windfall of nearly a billion dollars Surely all users are WFH now dismissing the need for an alt office ?! Should be zero value. Two challenges: * Coronavirus and collapse of consumer demand (e.g. travel and leisure industry) * Dysfunctional equity and bond markets (e.g. FAANG) Two answers: * Fiscal incentives to consumers and loans to companies * Regulations of buy-back, fiscal elusion and stock options
Source: WSJ - 🏆 98. / 63 Read more »
SoftBank is abandoning its $3 billion WeWork tender offer - Business InsiderSoftBank abandoning a plan to buy $3 billion of WeWork shares from investors and employees, a move that could cost $1.1 billion in debt financing. SAI Greenbackd further to our exchange 👋🏼💰👆🏽 GEanalyst Time for INTROSPECTION unmistakably! Imagine i or any other random guy here in Internet has a great idea and .. is poor, so I can’t reach SB, but a limited IQ person has someone that can. Deal! Here is the outcome, gentlemen.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank Says It Won’t Buy WeWork Co-Founder Neumann’s SharesJapanese tech giant SoftBank terminates an offer to pay up to $3 billion for shares in office-space provider WeWork, depriving co-founder Adam Neumann of a potential windfall of nearly a billion dollars Surely all users are WFH now dismissing the need for an alt office ?! Should be zero value. Two challenges: * Coronavirus and collapse of consumer demand (e.g. travel and leisure industry) * Dysfunctional equity and bond markets (e.g. FAANG) Two answers: * Fiscal incentives to consumers and loans to companies * Regulations of buy-back, fiscal elusion and stock options
Source: WSJ - 🏆 98. / 63 Read more »
Meet Zoom billionaire Eric Yuan, who's made $4 billion in 2020 so far - Business InsiderMeet Eric Yuan, the founder and CEO of Zoom, who has made nearly $4 billion in 3 months as usage of his video conferencing software skyrockets amid the coronavirus pandemic Not surprised … we have been using it almost daily! With the current global health crisis, hopefully, we see a fix real fast on Zoom's privacy and security issues. We need true end-to-end encrypted services, Iot network that will secure and power our future. The Future of Privacy iotex_io OwnYourPrivacy maralsd эдний хувьцаа гараад олигтой яваагүй анхны үнээсээ унаад л бсн, тэвчээртэй барьж бсн нөхдүүд л хожлоо доо, одоо зараад салдаг цаг
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business InsiderSubscribe to Business Insider's Telegram channel to be sent the day's top stories
Source: BusinessInsider - 🏆 729. / 51 Read more »