The office-leasing company halted initial plans for an IPO in 2019 after investors raised concerns over its business model and then-CEO Adam Neumann.
In October 2019, SoftBank agreed to spend $10 billion for an 80% stake in WeWork.
In March, WeWork agreed to the $9 billion SPAC merger with BowX Acquisition, a move that was finalized Oct. 20. As part of the deal, SoftBank retained a majority stake in the company but agreed to a one-year lock-up on their shares, according to a person familiar with the matter,SPACs, also known as blank-check companies, are set up for the sole purpose of raising money through an IPO and using that money to acquire an existing company.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Trump announces social media platform launch plan, SPAC dealFormer President Donald Trump is launching his very own media network, which will include a social media platform in order to 'stand up to the tyranny of Big Tech.'
Les mer »
BITO | ProShares Bitcoin Strategy ETF Overview | MarketWatchBITO | A complete ProShares Bitcoin Strategy ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.
Les mer »
In S.Korea, an army of retail investors flocks to YouTube for stock trading adviceMillions of South Koreans have jumped into stock market trading over the past year with their enthusiasm feeding off a new market force - popular investment channels on YouTube.
Les mer »
Stocks making the biggest moves midday: Pinterest, Sonos, Anthem and moreThese are the stocks posting the largest moves in midday trading.
Les mer »
Santoli’s Tuesday market notes: Earnings power stocks higher, bitcoin futures ETF gets warm welcomeNew for subscribers: Santoli’s Tuesday market notes: Earnings power stocks higher, bitcoin futures ETF gets warm welcome. Check out CNBCPro today.
Les mer »
Trump announces social media platform launch plan, SPAC dealFormer President Donald Trump is launching his very own media network, which will include a social media platform in order to 'stand up to the tyranny of Big Tech.'
Les mer »