SoftBank Group Corp.

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Tokyo.

Source: en.wikipedia.org

SoftBank Takes Over WeWork; Founder To Get $1.7B Package To Exit Board

SoftBank Takes Over WeWork; Founder To Get $1.7B Package To Exit Board
SoftBank Takes Over WeWork; Founder To Get $1.7B Package To Exit Board
October 22, 2019  |  Partnerships

Former WeWork CEO and Co-Founder Adam Neumann was offered a reported $1.7 billion in stock, cash and credit to exit the company as investor SoftBank...

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SoftBank’s Proposed WeWork Buyout Pegs Valuation At Almost $8B
SoftBank’s Proposed WeWork Buyout Pegs Valuation At Almost $8B
October 21, 2019  |  Partnerships

Softbank is reportedly in advanced talks to take over troubled startup and worksharing space WeWork, which was once one of the hottest startups around but...

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Top News In Payments: Mastercard Unveils Bill Pay Exchange; Amex Card Spending Drives Q3 Revenue
Top News In Payments: Mastercard Unveils Bill Pay Exchange; Amex Card Spending Drives Q3 Revenue
October 21, 2019  |  News

In today’s payments news, Mastercard is rolling out Mastercard Bill Pay Exchange with the help of several new partners. Also, card member spending, among other...

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SoftBank Wants Majority Stake In WeWork, Sans Liabilities
SoftBank Wants Majority Stake In WeWork, Sans Liabilities
October 21, 2019  |  Investments

SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Get the Full Story...

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WeWork Cash Crunch Holds Bankruptcy Threat Next Month
WeWork Cash Crunch Holds Bankruptcy Threat Next Month
October 18, 2019  |  Markets

WeWork could run out of money by next month — despite the fact that it was valued at $47 billion just nine months ago, making...

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Top News In Payments: Apple Card Sees High Demand, SoftBank In Talks To Rescue WeWork
Top News In Payments: Apple Card Sees High Demand, SoftBank In Talks To Rescue WeWork
October 16, 2019  |  News

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in...

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SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
October 16, 2019  |  Investments

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported...

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2,000 Staff Getting Laid Off As WeWork Faces Collapse
2,000 Staff Getting Laid Off As WeWork Faces Collapse
October 15, 2019  |  Investments

WeWork will lay off at least 2,000 staff in the coming week — 13 percent of its 15,000 payroll — with thousands of more job...

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