WeWork


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WeWork CEO Sandeep Mathrani, Adam Neumann and SoftBank CEO Masayoshi Son (Getty/Illustration by Kevin Rebong)

WeWork and SoftBank settle lawsuit

The battle between WeWork and SoftBank is over. The beleaguered co-working giant and its co-founder and former CEO, Adam Neumann, have reached a legal settlement with SoftBank Group, Bloomberg News reported, heading off a...

WeWork and SoftBank settle lawsuit
Softbank CEO Masayoshi Son and Adam Neumann (Getty/Illustration by Kevin Rebong for The Real Deal)

Adam Neumann, SoftBank near settlement agreement

Adam Neumann could walk away with a $500 million golden parachute from WeWork, the beleaguered co-working company he co-founded....

Adam Neumann, SoftBank near settlement agreement
WeWork CEO Sandeep Mathrani (Wikipedia Commons, iStock/Illustration by Kevin Rebong for The Real Deal)

WeWork slashes rents in some cities

WeWork has slashed its rents across the country as workers continue to avoid going into offices. The New York-based flex-office provider dropped the price of its rental fees in November and in January by...

WeWork slashes rents in some cities
From left: Valon board member Angela Strange, Valon CEO Andrew Wang and Adam Neumann (Photos via Andreessen Horowitz, Valon, Getty)

Adam Neumann invests in mortgage servicing startup

WeWork co-founder Adam Neumann has a new investment: Valon Mortgage. The startup, which promises to cut mortgage servicing costs...

Adam Neumann invests in mortgage servicing startup
WeWork CEO Sandeep Mathrani (WeWork; iStock)

WeWork in talks to go public via SPAC

Now We’ve seen everything. WeWork is in talks to combine with a special-purpose acquisition company to go public, according to the Wall Street Journal. The co-working giant attempted an initial public offering in late...

WeWork in talks to go public via SPAC
From left: Knotel’s Amol Sarva; Breather’s Bryan Murphy; WeWork’s Sandeep Mathrani and IWG’s Mark Dixon
Issue

Seismic shifts in the flex-office market

Montreal-based Breather, a company that rents workspaces by the day, made a bold announcement last month that reverberated throughout the world of flex-office operators. “Breather, in its current form as an operator, doesn’t make...

Seismic shifts in the flex-office market
Warburg Realty's Clelia Warburg, Breather's Brian Murphy and InstaClosing's Peter Zinkovetsky (iStock)

Proptech’s winners and losers in 2020

It’s been a year of extreme highs and extreme lows in the proptech industry. While startups offering catering to digital transactions surged, co-working and flex-office spaces struggled with a sharp drop in business, as...

Proptech’s winners and losers in 2020
Katerra CEO; SoftBank CEO Masayoshi Son and Katerra CEO Paal Kibsgaard (Photos via Katerra; Getty; iStock)

SoftBank bails out Katerra with $200M cash injection

Once bitten, twice shy? Not so for Japanese investment firm SoftBank, which despite its ill-fated bet on WeWork has...

SoftBank bails out Katerra with $200M cash injection
WeWork CEO Sandeep Mathrani (Getty)

WeWork losses continue but firm sees glimmer of hope

WeWork is still losing money, but the flex-office provider is hoping big changes in the office market will favor...

WeWork losses continue but firm sees glimmer of hope
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