• Confirmed: Softbank to invest $2 billion more in WeWork

    5 monthes ago - By Fast Company

    Much anticipated deal-a $1 billion investment and a $1 billion secondary purchase of existing shares-is well below amounts the parties previously discussed.
    People close to WeWork have confirmed to Fast Company that Japan's SoftBank Corp. will invest an additional $2 billion in the shared workspace company.
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  • Softbank to invest additional $2 billion in WeWork: sources

    5 monthes ago - By Reuters

    SoftBank Group Corp will inject another $2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate's total investment in the office space provider to more than $10 billion, according to two people familiar with the matter.
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  • Softbank Reportedly Cuts Planned Investment in WeWork from $16 Billion to $2 Billion

    5 monthes ago - By Fortune

    Japanese software giant Softbank is significantly scaling back its plans for investing in shared-office provider WeWork. The investment, valued at around $16 billion in late 2018, will now be closer to $2 billion, the Financial Times reported.
    Softbank, which has been building up stakes in tech companies from Nvidia to Uber through its ambitious $100 billion Vision Fund, may announce the funding as soon as this week, the FT said. The reduced investment will not involve the participation of the Vision Fund, which has built up a sizable stake in WeWork.
    Softbank previously invested $8...
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  • Sustainable agricultural developer pledges $1M investment in southwest Georgia

    Sustainable agricultural developer pledges $1M investment in southwest Georgia

    5 monthes ago - By Biz Journals

    Forquímica, a developer of sustainable agricultural products based in Brazil, will create 80 jobs and invest $1 million in a manufacturing plant in Moultrie, according to Gov. Nathan Deal.
    The company, founded in 1985, develops sustainable agricultural projects. It's primary product is called Goodpsray, a multifunctional technology that improves the efficiency in the preparation of the hopper mixture and the quality of the spray.
    The Forquímica headquarters and plant is in the city of Cambira,...
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  • SoftBank Bets Big on WeWork. Again

    5 monthes ago - By NY Times

    The Japanese telecom group is putting $2 billion more into the co-working start-up, bringing its total investment to $10.5 billion.
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  • Google Assistant Will Be on a Billion Devices By the End of January

    5 monthes ago - By Fortune

    Google says that Google Assistant will be on a billion devices by the end of January. The tech giant said that figure will be up from the 500 million devices the company said the assistant was on last May and 900 million more than Amazon's Alexa.
    For a little perspective, Google says that Google Assistant was available on just 400 million devices this time last year, so it has seen a significant amount of growth since then. The company says that active users, both months and daily have quadrupled over the past year, Fast Company reports .
    This year Google has added support for 22 new...
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  • For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion

    5 monthes ago - By Tech Crunch

    Several weeks after it was reported by the WSJ that two of the biggest investors in SoftBank's massive Vision Fund vehicle were cool on its planned $16 billion investment in the coworking company WeWork , those plans have changed radically, says the Financial Times. According to its sources - and confirmed by our own - SoftBank is now in “detailed negotiations” to invest a comparatively modest $2 billion more into WeWork, plans that could be firmed up as soon as the end of this week.
    A WeWork spokesperson declined to comment.
    The development is both surprising and unsurprising. The...
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  • Atlanta smart bed company lands $3.2M in funding, plans West Midtown store

    Atlanta smart bed company lands $3.2M in funding, plans West Midtown store

    5 monthes ago - By Biz Journals

    Responsive Surface Technology, an Atlanta-based smart bed and sleep tech company, has closed $3.2M of additional funding, according to a news release.
    The funding was raised from two Invest Atlanta-affiliated programs, the Atlanta Advantage Loan Fund and New Markets Tax Credit financing. The capital will be used to expand the company's marketing and research efforts, and help it open its first company-owned store in West Midtown.
    “We are proud that our performance in the year since Invest...
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  • Why Is Celgene A Strategic Fit For Bristol-Myers Squibb

    5 monthes ago - By Forbes

    Bristol-Myers Squibb recently announced its plan to merge with Celgene in a $74 billion deal. The combined entity will have revenues of over $37 billion, and earnings could be as high as $6 per share in the coming years, according to our estimates. We have created an interactive dash...
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  • SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billion

    SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billion

    5 monthes ago - By Business Insider

    SoftBank has backed off its plans to invest an additional $16 billion into the privately-held workspace startup WeWork , according to the Financial Times.
    Instead, the Japanese tech company will invest just $2 billion, according to the report. The deal has not yet been finalized.
    SoftBank's initial plan, reported in October, would have given it a majority stake in WeWork. But the size of the deal reportedly upset some of its biggest financial backers in Saudi Arabia and Abu Dhabi.
    SoftBank has backed away from its plan to invest $16 billion into the shared workspace company WeWork...
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