Mark Kleinman: Telling Sid is a risk for Hunt’s Natwest sale November 30, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Wework rival Rocketspace exits UK December 2, 2019 Wework rival Rocketspace is planning to pull out of the UK and will close its London co-working office by next year. The San Francisco-based firm, which rented out space to London freelancers and start-up businesses at a shared office in Islington, said it has decided to “cease operations in the UK”. Read more: The big [...]
Forbes confirms termination of £500m Spac listing as investor appetite dwindles June 1, 2022 Forbes has ditched plans to list through a merger with a special purpose acquisition company as investor appetite dwindles.
Musk’s Twitter takeover and the FTX collapse should end the founder cult November 22, 2022 Few would disagree that entrepreneurs and the companies they create are an essential part of any successful economy. Nevertheless, today’s excessive levels of founder adulation – call it the cult of the founder – are proving damaging in ways that are plain to see, from Elon Musk’s takeover of Twitter and the spectacular collapse of [...]
£5bn investment turnover for central London office market since start of 2022 March 23, 2022 Central London’s office market has marked £5bn investment turnover since the start of the year, as confidence in the category returns. Property advisors Knight Frank have revealed a 300 per cent increase in comparison to the first quarter of 2021 when there were transactions worth £1.2bn. There are £5.8bn worth of central London office deals [...]
Softbank taps Goldman for Wework debt financing plan December 9, 2019 Wework saviour Softbank has approached Goldman Sachs for financing as it attempts to reinvigorate the flexible working space provider. The banking giant is securing a $1.8bn (£1.4bn) line of credit, the first stage in Softbank’s $5bn debt financing package for Wework. Read more: Wework names four new executives and outlines six point plan for profitability [...]
Who owns Girona now? How much did City Football Group pay in 2017? February 7, 2024 All you need to know about who owns Girona FC.
Wework sells software firm Teem as it slims down after float fiasco January 22, 2020 Wework today said it has sold management software firm Teem as the troubled coworking company offloads fringe businesses after its botched initial public offering (IPO) last year. The sale to digital workplace solutions provider iOffice came as Wework also offloaded its minority stake in coworking startup The Wing. Wework said the deals, whose values were [...]
Softbank prepares to take control of Wework October 21, 2019 Softbank is reportedly planning to take control of troubled office space provider Wework. The Japanese investor, which already owns about a third of the company, plans to spend between $4bn and $5bn on new equity and existing shares, in a deal that will value Wework between $7.5bn and $8bn. Read more: Wework creates committee to [...]
Contenful now worth $3bn after fresh capital rally ahead of rumoured US IPO July 28, 2021 Content platform provider Contentful, led by a former Microsoft and Amazon executive, has hit a valuation of $3bn today after its latest funding round. The fundraiser, led by investment giant Tiger Global, rallied together $175m for its expansion into marketing and sales. The German company, founded in 2012, operates content management systems behind websites like [...]