The Special Committee of the Board of Directors of The We Company (“WeWork”) today announced that it has filed a lawsuit in the Delaware Court of Chancery alleging that SoftBank Group Corp. (TOKYO: 9984) (collectively with certain of its affiliates “SoftBank”) has breached its obligations under the Master Transaction Agreement (“MTA”) by failing to complete the tender offer … [Read more...] about WeWork Special Committee Files Lawsuit Challenging SoftBank’s Wrongful Decision to Terminate Tender Offer
WeWork
SoftBank Group Announces End of WeWork Tender Offer Because Closing Conditions Not Met
End of Tender Offer Has No Impact on WeWork’s Operations or Customers SoftBank Group Corp. (“SoftBank”) today announced that, in accordance with the terms of its October 2019 Master Transaction Agreement (“MTA”) with The We Company (“WeWork”), SoftBank’s tender offer for up to $3 billion worth of shares of WeWork held by other stockholders has ended because certain … [Read more...] about SoftBank Group Announces End of WeWork Tender Offer Because Closing Conditions Not Met
Meetup will divest from WeWork
Meetup, one of the world's first social media platforms and the only one dedicated to groups that meet in-person or online during times of crisis, today announced that the company has been acquired. The consortium of investors is led by Kevin Ryan's AlleyCorp and includes mission-driven private funds and accomplished technology executives. Ryan joins as Chairman of the board. … [Read more...] about Meetup will divest from WeWork
WeWork Appoints Sandeep Mathrani as CEO
WeWork (or “the Company”) today announced that Sandeep Mathrani will join the Company as Chief Executive Officer and a member of the Board of Directors, effective February 18, 2020. Mathrani will report to Marcelo Claure, who will remain Executive Chairman. Mathrani brings to WeWork extensive leadership experience in real estate, with a proven track record of transforming … [Read more...] about WeWork Appoints Sandeep Mathrani as CEO
WeWork’s Board of Directors Announces Leadership Changes: Co-founder Adam Neumann has decided to step back from his role as CEO
WeWork’s Board of Directors today announced the following leadership changes: Co-founder Adam Neumann has decided to step back from his role as CEO, and will continue on as non-executive chairman of the board. WeWork’s Artie Minson, formerly co-president and chief financial officer, and Sebastian Gunningham, formerly vice chairman, have been named co-CEOs of the company. These … [Read more...] about WeWork’s Board of Directors Announces Leadership Changes: Co-founder Adam Neumann has decided to step back from his role as CEO