The Wall Street Journal: Rapid expansion pushes WeWork’s annual loss to nearly $2 billion

Co-working space startup WeWork made a net loss of $1.25 billion in the third quarter in 2019, the company told its investors on Wednesday, according to the Wall Street Journal. 0 read more.....»»

Buffett’s annual letter to shareholders detailed a $25.4 billion loss in the fourth quarter of 2018......»»

WeWork’s co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company......»»

SoftBank Group Corp. (OTC: SFTBY) is backing away from a $3-billion bailout of WeWork shareholders, The Wall Street Journal reported Wednesday, citing people familiar with read more.....»»

Alessandro Di Ciommo/Getty Images, Michael Kovac/Getty Images, Business Insider SoftBank could walk away from part of its WeWork bailout, the Wall Street Journal reported Tuesday. In a notice to .....»»

Reuters/ Steve Marcus Elliott Management Corp, run by Paul Singer, has built a more than $2.5 billion stake in SoftBank Group, The Wall Street Journal reported Thursday.  The activist investor will push the Japane.....»»

SoftBank recently announced it will take control of WeWork in a move expected to value the company at about $8 billion, according to the Wall Street Journal. But WeWork wasn't SoftBank's Masa Son's first risky investment. Uber.....»»

WeWork’s board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank Group Corp. that would slash the co-working company’s valuation to about $8 billion and alleviate a looming cash crunch......»»

WeWork's parent The We Company's new management team is considering curbing its expansion plans in China as part of the company's new emphasis on controlling costs, the Wall Street Journal reported, citing people familiar with the matter......»»

WeWork’s parent is eyeing a valuation for its initial public offering that could fall below $20 billion as some existing investors push the workspace company to shelve the planned offering, people familiar with the matter said......»»

This debt offering would be independent of the money WeWork raises in its initial public offering and could even raise more money for the company than the IPO itself......»»

Warren Buffett’s Berkshire Hathaway Inc. swung to a rare loss in the first quarter, hurt by lower insurance premiums and the impact of an accounting rule change on unrealized investment losses......»»

Mars says it has agreed to buy European veterinary operator AniCura in a deal valued at €2 billion ($2.36 billion) including debt, as the company pushes further into the lucrative business of pet care......»»

WeWork is in talks with SoftBank Group regarding a cash infusion that could double WeWork in valuation. The potential deal would value the New York-based office-sharing company at $35 billion to $40 billion, according to The Wall Street Journal. That i.....»»

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SoftBank Group Corp. is in talks to take a majority stake in shared-office network WeWork in an investment that may be valued as much as $20 billion. The investment could range between $15 billion and $20 billion, according to The Wall Street Journal,.....»»

SoftBank Group Corp. is in discussions to take a majority stake in WeWork Cos., in what would be a giant bet on the eight-year-old provider of shared office space, according to people familiar with the talks......»»

SoftBank Group is eyeing a major boost to its WeWork investment, potentially spending $15 billion to $20 billion for a majority stake in the shared office space company, according to the Wall Street Journal. SoftBank currently holds a 20 percent st.....»»

WeWork was valued at $45 billion on Tuesday by Japan’s SoftBank, which committed to invest $3 billion into the shared workspace company. The new cash infusion would make SoftBank WeWork’s largest investor, according to The Wall Street Journal. S.....»»

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