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December 23, 2024
 

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WEWORK

SoftBank CEO Masayoshi Son is a longtime investor in WeWork, sticking with the company throughout its many ups and downs.
BUSINESS / Companies
Feb 2, 2024
SoftBank swoops in to rescue WeWork Japan
The development comes just four months after the troubled coworking business — once valued at $47 billion — filed for bankruptcy in the U.S.
SoftBank Group booked a ¥789 billion quarterly loss as it took a hit from the bankruptcy of WeWork.
BUSINESS / Companies
Nov 9, 2023
SoftBank books ¥789 billion quarterly loss
SoftBank's loss marks its fourth straight quarter in the red as the tech giant struggles amid a weak yen.
SoftBank Group Chairman and Chief Executive Officer Masayoshi Son. Son's trust in his own intuition may have made him unwilling to heed red flags and opposition from his advisers regarding investments in WeWork.
BUSINESS / Companies
Nov 8, 2023
WeWork saga cost Masayoshi Son $11.5 billion and his credibility
WeWork's bankruptcy filing caps a yearslong saga that revealed breathtaking flaws in the Japanese billionaire's investment style.
WeWork sought U.S. bankruptcy protection on Monday.
BUSINESS / Companies
Nov 7, 2023
SoftBank's WeWork, once most valuable U.S. startup, goes bankrupt
The company reported estimated assets and liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing.
A WeWork co-working space in New York
BUSINESS / Companies
Nov 5, 2023
WeWork's troubles darken outlook for embattled office market
Media reports suggest the New York-listed flexible workspace provider — once valued at $47 billion — may petition for bankruptcy next week.
A WeWork co-working office space in San Francisco on Wednesday. WeWork has said there's 'substantial doubt' about its ability to continue operating, citing sustained losses and canceled memberships to its office spaces.
BUSINESS / Companies
Aug 10, 2023
WeWork’s ‘substantial doubt’ about its future marks a stunning fall
The New York-based company is bleeding cash, and customers of its office rentals are canceling their memberships in droves.
Japan Times
BUSINESS / Companies
Dec 8, 2021
SoftBank wants to sell a quarter of the $2.2 billion WeWork rescue debt
WeWork continues to be unprofitable, and the omicron variant of the coronavirus could further weigh on its future results.
Japan Times
BUSINESS
Oct 21, 2021
WeWork is finally going public. Will SoftBank ever make its $17 billion back?
WeWork would need to capture a large portion of the post-pandemic workforce and hope that flexible offices take the place of many corporate campuses.
Japan Times
BUSINESS / Companies
Mar 4, 2021
Masayoshi Son’s billions multiply on SoftBank mega-rally and SPAC boom
Few fortunes are as volatile as Masayoshi Son’s.
Japan Times
BUSINESS / Companies
Feb 27, 2021
SoftBank settles WeWork lawsuit; Adam Neumann exits with windfall
The pact announced Friday ends a legal fight over a stock transaction that collapsed and eliminates the need for a March 4 trial in the U.S.
Japan Times
BUSINESS / Companies
Oct 7, 2020
WeWork competitor TKP sees opportunity in Tokyo’s shrinking offices
While TKP shares are still down 43 percent for the year, they have jumped 165 percent from their March trough as investors look for a rebound.
Japan Times
BUSINESS / Companies
Jul 22, 2020
WeWork set to lose major Japan tenant Rakuten, sources say
The e-commerce giant will let its contract run out in August without renewing, leaving about 700 desks empty in Tokyo.
Japan Times
BUSINESS / Companies
Jul 13, 2020
After 133% rally, SoftBank investors bet there’s more to come
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.
Japan Times
COMMENTARY / Japan
May 7, 2020
Being a sore loser doesn't make WeWork’s Neumann wrong
There's little downside for the founder of the collapsed office rental company in taking on his former benefactor.
Japan Times
BUSINESS / Companies
Apr 30, 2020
SoftBank sees ¥900 billion net loss on WeWork write-down
The group is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer.
Japan Times
BUSINESS / Companies
Apr 18, 2020
WeWork directors lose bid to accelerate lawsuit on failed SoftBank deal
Two independent WeWork directors failed to fast-track their lawsuit over SoftBank Group Corp.’s decision to scrap a $3 billion stock purchase that was part of a rescue package the struggling office space provider secured last October.
Japan Times
BUSINESS / Companies
Apr 8, 2020
WeWork sues SoftBank for dropping $3 billion tender offer
A WeWork board committee that negotiated a $3 billion (¥326.4 billion) tender offer with SoftBank Group sued the conglomerate Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak.
Japan Times
BUSINESS / Companies
Apr 6, 2020
Some WeWork staff planned their lives around a stock deal that just collapsed
Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development, helping the coworking startup open new offices in different regions. He’d put in the time and been granted shares in the company. At first, he thought he might be able to sell...
Japan Times
BUSINESS / Companies
Apr 2, 2020
SoftBank abandons $3 billion WeWork share purchase deal
SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
Japan Times
BUSINESS / Companies
Mar 30, 2020
WeWork’s imperiled $3 billion stock sale would mostly benefit five investors
In a deal that’s currently at risk of falling apart, a handful of investors would be the main beneficiaries of SoftBank Group Corp.’s plan to buy $3 billion of WeWork stock, according to a person familiar with the matter.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda and Nissan consider mutual production of vehicles, report says
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

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