{"id":99568,"date":"2018-10-11T01:23:12","date_gmt":"2018-10-10T18:23:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/softbank-punt-on-wework-office-space-hub-is-risky-business\/"},"modified":"2018-10-11T02:04:07","modified_gmt":"2018-10-10T19:04:07","slug":"softbank-punt-on-wework-office-space-hub-is-risky-business","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/softbank-punt-on-wework-office-space-hub-is-risky-business\/","title":{"rendered":"SoftBank punt on WeWork office space hub is risky business"},"content":{"rendered":"


\nWorkspace company makes substantial losses and providing short-term office space is notoriously cyclicalWeWork, according to the founders\u2019 blurb, is \u201ca place you join as an individual, \u2018me\u2019, but where you become part of a greater \u2018we\u2019. A place where we\u2019re redefining success measured by personal fulfilment, not just the bottom line.\u201d Very uplifting, but you\u2019d probably think twice before investing. Funky murals and cheese-tasting events for tenants are eye-catching but, in the end, WeWork is a provider of office space on short-term leases, which is a notoriously cyclical game. And, despite opening offices in more than 70 cities around the world, WeWork currently makes substantial losses.However, SoftBank of Japan, one of the world\u2019s biggest and most adventurous investors, is keen to throw serious sums at the company. It has already invested $4.4bn and, according to reports, is lining up another $10bn or $20bn. Softbank\u2019s co-traveller is Saudi Arabia\u2019s sovereign wealth fund via the duo\u2019s enormous $100bn Vision Fund, which aims to make big bets on businesses of tomorrow. Continue reading…
\n
\nSource : theguardian.com
\nRead more…SoftBank punt on WeWork office space hub is risky business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Workspace company makes substantial losses and providing short-term office space is notoriously cyclicalWeWork, according to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-99568","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pTW","jetpack-related-posts":[{"id":111834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sources-wework-would-have-run-out-of-money-by-next-friday-without-softbank-deal\/","url_meta":{"origin":99568,"position":0},"title":"Sources: WeWork would have run out of money by next Friday without SoftBank deal","date":"October 23, 2019","format":false,"excerpt":"\r Without the SoftBank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC's David Faber.\r \r Source : cnbc.com\r Read more...Sources: WeWork would have run out of money by next Friday without SoftBank deal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-noise-in-the-background-wework-ceo-on-neumann-lawsuit-against-softbank\/","url_meta":{"origin":99568,"position":1},"title":"'It's noise in the background' \u2014 WeWork CEO on Neumann lawsuit against SoftBank","date":"May 12, 2020","format":false,"excerpt":"\r WeWork CEO Sandeep Mathrani tells \"Squawk Box\" he considers WeWork founder Adam Neumann's lawsuit against SoftBank \"noise in the background\" as he focuses on getting the company back on track.\r \r Source : cnbc.com\r Read more...'It's noise in the background' \u2014 WeWork CEO on Neumann lawsuit against SoftBank","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ousted-wework-ceo-adam-neumann-is-suing-softbank-heres-why\/","url_meta":{"origin":99568,"position":2},"title":"Ousted WeWork CEO Adam Neumann is suing SoftBank \u2014 Here's why","date":"May 5, 2020","format":false,"excerpt":"\r Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports.\r \r Source : cnbc.com\r Read more...Ousted WeWork CEO Adam Neumann is suing SoftBank \u2014 Here's why","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/softbank-may-not-complete-3-billion-tender-offer-for-wework-sources-say\/","url_meta":{"origin":99568,"position":3},"title":"SoftBank may not complete $3 billion tender offer for WeWork, sources say","date":"March 18, 2020","format":false,"excerpt":"\r SoftBank had planned a $3 billion tender offer for WeWork shares, which were privately held, along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt. The financing package was meant to save WeWork from an impending cash crunch last year.\r \r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94787,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-co-working-firm-wework-raises-us500-million-to-push-ahead-with-china-expansion\/","url_meta":{"origin":99568,"position":4},"title":"US co-working firm WeWork raises US$500 million to push ahead with China expansion","date":"July 26, 2018","format":false,"excerpt":"\r The China arm of US co-working space provider WeWork has raised US$500 million from a group of Asian investors to push forward its expansion in the country, the company said on Thursday. WeWork China received the series B round financing from China\u2019s Trustbridge Partners and Hony Capital , Singapore\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111580,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wsj-softbank-seeking-control-over-wework-through-financial-package\/","url_meta":{"origin":99568,"position":5},"title":"WSJ: Softbank seeking control over WeWork through financial package","date":"October 15, 2019","format":false,"excerpt":"\r Eliot Brown, reporter from The Wall Street Journal, joins \"Power Lunch\" to discuss WeWork and how Softbank could seek control over the company.\r \r Source : cnbc.com\r Read more...WSJ: Softbank seeking control over WeWork through financial package","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99568"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=99568"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99568\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}