yahoo japan Yahoo Japan and Line Agree to Merge to Counter US and China Tech Giants Z Holdings and Line Corp. reach a basic merger agreement to create a massive Japanese internet conglomerate with over 100 million users. The combined entity aims to compete with dominant American and Chinese tech companies by focusing on AI-driven solutions.
yahoo japan SoftBank and Naver Merge Yahoo Japan and Line to Rival US and China Tech Giants SoftBank Corp. and Naver agree to merge Z Holdings, formerly Yahoo Japan, with messaging app Line to better compete against dominant US and Chinese tech firms. The deal creates a joint holding company equally owned by both parent companies.
yahoo japan Japanese Tech Giants Yahoo Japan and Line Consider Major Merger Messaging app Line and Yahoo Japan discuss a potential merger to form a massive tech conglomerate under SoftBank and Naver control. The deal aims to combine their popular services to boost user engagement in a competitive market.
wework WeWork Subsidiary Meetup Lays Off 25% of Staff Amid Cost-Cutting Push Meetup, the event organizing platform owned by WeWork, lays off a quarter of its workforce as part of a major restructuring effort. The cuts primarily affect the engineering department and follow a massive financial bailout from SoftBank.
softbank SoftBank Grabs Control of WeWork in Drastic $8 Billion Rescue Deal SoftBank takes over the struggling co-working giant WeWork with a multi-billion dollar investment that slashes its valuation from $47 billion to just $7.5 billion.
wework WeWork Co-Founder Neumann Considers Selling Properties to Settle Massive Loan Former WeWork CEO Adam Neumann faces a financial crunch as he works with major banks to restructure a $500 million personal loan. With the company's IPO canceled, he may have to use his extensive real estate portfolio as collateral.
wework WeWork's Collapse Fails to Dim the Core Logic of Venture Capital Despite the spectacular downfall of WeWork and massive losses for SoftBank's Vision Fund, the fundamental nature of venture capital remains unchanged.
wework WeWork Faces Massive Layoffs as CEO Neumann Steps Down WeWork braces for significant layoffs after co-founder Adam Neumann steps down as CEO and relinquishes his supervoting power. The dramatic leadership change leaves the struggling startup and its major investor, SoftBank, facing massive financial losses.
wework WeWork Founder Resigns Amid Collapsing IPO Plans WeWork CEO Adam Neumann steps down from his leadership role as the company's highly anticipated public offering faces severe delays. The dramatic shift follows intense investor criticism over the shared-office giant's governance and massive financial losses.
wework WeWork Ousts Adam Neumann as CEO Ahead of Troubled IPO WeWork co-founder Adam Neumann steps down as CEO amid intense scrutiny over his behavior and corporate governance, transitioning to a non-executive chairman role. SoftBank reportedly enforces this leadership change to salvage the company's struggling initial public offering.
wework WeWork Board Pressures Neumann to Step Down as SoftBank Pushes for New Leadership WeWork board members, led by SoftBank, reportedly pressure CEO Adam Neumann to step down and become non-executive chairman to salvage the company's planned IPO.
wework WeWork Delays IPO Amid Investor Pushback Over Valuation The We Company officially delays its highly anticipated initial public offering as Wall Street investors reject its steep valuation and questionable corporate governance.
getaround Car-Sharing Startup Getaround Reaches $1.7 Billion Valuation in New Funding Round SoftBank-backed Getaround is raising $200 million in an equity round that pushes the peer-to-peer car-sharing company into unicorn status. The new capital follows the company's recent $300 million acquisition of European rival Drivy.
cybereason Cybereason Secures $200 Million from SoftBank to Expand Cybersecurity Platform Boston-based Cybereason raises $200 million in new funding from SoftBank to scale its machine learning endpoint security platform. The company plans to use the capital to boost global marketing and advance autonomous security research.
didi chuxing Didi Chuxing Ousts 300,000 Drivers to Strengthen Safety Standards Following a fatal 2018 incident, Didi removes hundreds of thousands of unqualified drivers to prioritize user safety. The company also expands its customer service team and explores autonomous driving to offset the resulting driver shortage.