Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.
The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.
Adam Neumann was said to be selling $480 million of his shares to the Japanese conglomerate, which aims to take WeWork public.
A legal dispute has been a key hurdle to taking WeWork public.
The F.T.C. and more than 40 states seek to break up the tech giant.
A sale to Nvidia for more than $40 billion would net billions of dollars for the Japanese tech investor and create a powerhouse in the semiconductor industry.
Asset sales and a hot stock market have helped fuel a rebound for the beleaguered Japanese conglomerate, which runs the world’s largest tech fund.
The SoftBank chief made some eye-opening arguments to justify his company’s poor investment performance.
Some who rent space from the troubled company say it has not been generous with them even as it seeks concessions from building owners.
Its flagship tech fund is underwater, annual losses are huge and a key board member departed, as the firm faces the coronavirus and a tech slump.
The Chinese tycoon’s disclosure came just hours before the company was preparing to announce a major financial hit to its annual results from the coronavirus and a slump in the tech sector.
The lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.
Whatever you think about it, public pensions are dependent on private equity investments for returns, and their portfolio companies employ millions.
The Japanese conglomerate, which bet big on tech start-ups with its $100 billion Vision Fund, also expects its first annual loss in 15 years.