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SoftBank adds to financial burden with $10 billion WeWork deal

4 hours ago NAMEX Comments Off on SoftBank adds to financial burden with $10 billion WeWork deal
TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Read More

SoftBank shares fall as WeWork deal adds to financial strains

13 hours ago NAMEX Comments Off on SoftBank shares fall as WeWork deal adds to financial strains
TOKYO (Reuters) – Shares of SoftBank Group Corp fell 3% in morning trade on Wednesday as the tech conglomerate agreed to spend more than $10 billion to take over beleaguered office-space sharing startup WeWork, adding to its financial pressures. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on Read More

Morning News Call – India, October 23

14 hours ago NAMEX Comments Off on Morning News Call – India, October 23
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - EQUITIES FOCUS Reuters stocks correspondents in London and New York sift through a heavy corporate earnings Read More

UPDATE 2-SoftBank shares fall as WeWork deal adds to financial strains

14 hours ago NAMEX Comments Off on UPDATE 2-SoftBank shares fall as WeWork deal adds to financial strains
* SoftBank gains 80% stake but not control of WeWork * SoftBank shares down 30% from July peak * Deal avoids consolidating WeWork on SoftBank’s books * Value of many of SoftBank’s biggest tech bets falling (Adds comment, details on SoftBank’s finances) By Sam Nussey TOKYO, Oct 23 (Reuters) – Shares of SoftBank Group Corp Read More

Morning News Call – India, October 22

2 days ago NAMEX Comments Off on Morning News Call – India, October 22
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 10:15 am: NITI Aayog CEO Amitabh Kant at FICCI event in New Delhi. 5:45 pm: Axis Bank earnings simulcast in Mumbai. LIVECHAT - ECB PREVIEW TS Read More

Asia tries to see light in trade talks, Brexit votes

2 days ago NAMEX Comments Off on Asia tries to see light in trade talks, Brexit votes
SYDNEY (Reuters) – Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit. FILE PHOTO: An investor sits in front of an electronic board showing stock information at a brokerage house in Read More

CORRECTED-UPDATE 3-SoftBank’s WeWork financing would lead to Adam Neumann’s exit -sources

2 days ago NAMEX Comments Off on CORRECTED-UPDATE 3-SoftBank’s WeWork financing would lead to Adam Neumann’s exit -sources
(Corrects paragraph 10 to say SoftBank, not WeWork, lined up Mizuho) By Greg Roumeliotis, Anirban Sen and Joshua Franklin Oct 21 (Reuters) – SoftBank Group Corp offered close to $10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up Read More

UPDATE 4-SoftBank’s WeWork takeover would lead to Adam Neumann’s exit -sources

2 days ago NAMEX Comments Off on UPDATE 4-SoftBank’s WeWork takeover would lead to Adam Neumann’s exit -sources
(Reuters) – SoftBank Group (9984.T) offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its Chairman Adam Neumann, sources said. WeWork could run out of cash as early as next month without new financing, Read More

SoftBank’s WeWork financing would lead to Adam Neumann’s exit: sources

2 days ago NAMEX Comments Off on SoftBank’s WeWork financing would lead to Adam Neumann’s exit: sources
(Reuters) – SoftBank Group Corp (9984.T) offered close to $10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar with the matter said. Read More

How Grenfell fire inspired Sarah Lancashire’s new TV drama

2 days ago NAMEX Comments Off on How Grenfell fire inspired Sarah Lancashire’s new TV drama
Jack Thorne is probably one of the UK’s most in-demand writers. The Bafta winner’s CV includes TV series This is England, Skins, The Fades and the forthcoming BBC adaptation of Phillip Pullman’s His Dark Materials. On the West End stage he had a huge hit with Harry Potter and the Cursed Child. And on the Read More