Showing 1 - 10 of 14
Chip designer Arm targets $52 bn valuation in year's largest IPO
AFP, Published on 14/09/2023
» WASHINGTON - British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release.
Mexico: the promised land for migrants... from the US
AFP, Published on 16/10/2022
» TIJUANA (MEXICO) - While many migrants risk their lives chasing the American dream, Gabriel Zarate fled the rising cost of living in California and moved to the Mexican border city of Tijuana.
SoftBank reaches deal with WeWork
AFP, Published on 27/02/2021
» TOKYO - Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.
SoftBank back to black with $12bn profit after record losses
AFP, Published on 11/08/2020
» TOKYO - SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances.
WeWork says back on track to profits: Financial Times
AFP, Published on 13/07/2020
» NEW YORK - Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times on Sunday, hailing a turn-around for the high-profile company.
WeWork sues Japan's SoftBank for backing out of deal
AFP, Published on 08/04/2020
» WASHINGTON - Office-sharing giant WeWork on Tuesday sued SoftBank claiming the Japan-based technology investment group breached its contractual obligations by backing out of a $3 billion rescue plan.
SoftBank drops $3bn WeWork tender offer
AFP, Published on 02/04/2020
» TOKYO: Japanese global tech investor SoftBank Group said on Thursday it had terminated a tender offer worth up to $3 billion to acquire shares in US firm WeWork.
Airbnb incurs Paris wrath over Olympics partnership
AFP, Published on 19/11/2019
» LONDON - Airbnb became a leading partner of the Olympics in a nine-year deal announced Monday that drew strong criticism from Paris, host of the 2024 summer Games.
WeWork founder Adam Neumann removed from Forbes' billionaire list
AFP, Published on 11/10/2019
» SAN FRANCISCO - Forbes on Thursday lopped more than $3 billion from its estimated net worth of WeWork co-founder Adam Neumann as the company faced skepticism regarding its future.
Office sharing startup WeWork plans to cut valuation to below $20 bn
AFP, Published on 09/09/2019
» NEW YORK - Fast-growing office-sharing startup WeWork plans to again cut its valuation, this time to below $20 billion, and is under pressure from some investors to postpone its stock market debut, sources said Sunday.