Greensill Capital: The Collapse of a Company Built on Debt

Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.

#accounting-and-accountants, #banking-and-financial-institutions, #bankruptcies, #bluestone-resources-inc, #cameron-david, #credit-suisse-group-ag, #federal-financial-supervisory-authority-bafin-germany, #gfg-alliance-ltd, #greensill-capital, #greensill-lex, #gupta-sanjeev-1971, #insurance, #justice-james-c-ii, #labor-and-jobs, #softbank-corporation, #suits-and-litigation-civil, #tokio-marine-holdings-inc

WeWork Will Go Public in a Merger With a SPAC

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

#blackrock-inc, #co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #ranadive-vivek, #real-estate-commercial, #softbank-corporation, #son-masayoshi, #starwood-capital-group, #stocks-and-bonds, #wework-companies-inc

WeWork’s Path to Markets Is Cleared as Co-Founder and SoftBank Settle Suit

Adam Neumann was said to be selling $480 million of his shares to the Japanese conglomerate, which aims to take WeWork public.

#co-working, #initial-public-offerings, #neumann-adam, #softbank-corporation, #stocks-and-bonds, #suits-and-litigation-civil, #wework-companies-inc

Adam Neumann of WeWork and SoftBank Are in Settlement Talks

A legal dispute has been a key hurdle to taking WeWork public.

#co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #softbank-corporation, #wework-companies-inc

Why the F.T.C. and States Want to Break Up Facebook

The F.T.C. and more than 40 states seek to break up the tech giant.

#antitrust-laws-and-competition-issues, #boies-schillerflexner, #boies-david, #conway-ron, #facebook-inc, #initial-public-offerings, #instagram-inc, #mergers-acquisitions-and-divestitures, #sequoia-capital, #social-media, #softbank-corporation, #whatsapp-inc

SoftBank Said to Be Near Deal to Sell British Chip Designer Arm

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.

#antitrust-laws-and-competition-issues, #computer-chips, #mergers-acquisitions-and-divestitures, #nvidia-corporation, #softbank-corporation

SoftBank Claws Back Into the Black After Historic Losses

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.

#coronavirus-2019-ncov, #japan, #softbank-corporation, #son-masayoshi, #stocks-and-bonds

Jesus, the Beatles and … Masa Son?

The SoftBank chief made some eye-opening arguments to justify his company’s poor investment performance.

#coronavirus-2019-ncov, #delivery-services, #doordash-mobile-app, #grubhub-inc, #mergers-acquisitions-and-divestitures, #mnuchin-steven-t, #powell-jerome-h, #softbank-corporation, #son-masayoshi, #ubereats, #united-states-economy, #united-states-politics-and-government

WeWork Wants a Rent Break. Its Customers Do, Too.

Some who rent space from the troubled company say it has not been generous with them even as it seeks concessions from building owners.

#co-working, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #landlords, #neumann-adam, #real-estate-commercial, #renting-and-leasing-real-estate, #shutdowns-institutional, #softbank-corporation, #stocks-and-bonds, #wework-companies-inc

SoftBank in Crisis Amid Record Losses

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.

#alibaba-group-holding-ltd, #appointments-and-executive-changes, #coronavirus-2019-ncov, #japan, #ma-jack, #softbank-corporation, #son-masayoshi, #stocks-and-bonds

Jack Ma Leaves SoftBank Board as Record Losses Loom

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.

#alibaba-group-holding-ltd, #appointments-and-executive-changes, #coronavirus-2019-ncov, #japan, #ma-jack, #softbank-corporation, #son-masayoshi, #stocks-and-bonds

Adam Neumann, WeWork’s Former Chief, Sues SoftBank

The lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.

#co-working, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #neumann-adam, #softbank-corporation, #stocks-and-bonds, #suits-and-litigation-civil, #wework-companies-inc

Does Private Equity Deserve a Public Bailout?

Whatever you think about it, public pensions are dependent on private equity investments for returns, and their portfolio companies employ millions.

#apollo-global-management, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #mnuchin-steven-t, #navarro-peter, #private-equity, #shutdowns-institutional, #small-business-administration, #softbank-corporation, #venture-capital

SoftBank’s Troubles Deepen With Warning of $16.7 Billion Writedown

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.

#computers-and-the-internet, #coronavirus-2019-ncov, #softbank-corporation, #son-masayoshi, #start-ups, #venture-capital, #vision-fund