• General Electric spikes after announcing plans to speed up the sale of some of its $4 billion stake in oilfield-services provider Baker Hughes

    28 days ago - By Business Insider

    General Electric announced Tuesday plans to accelerate the reduction of its stake in Baker Hughes , an oilfield-services provider.
    GE will sell as many as 166.2 million Baker Hughes shares, which could raise $4 billion based on Monday's closing price, according to a statement.
    CEO Larry Culp told CNBC Monday that he would cut the company's leverage by selling assets.
    Watch General Electric trade live.
    General Electric jumped as much as 8% Tuesday after the company announced plans to slash its stake in the oilfield-services provider Baker Hughes .
    GE will sell as many as 101.2 million Baker...
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  • SoftBank invests another $3bn in WeWork

    SoftBank invests another $3bn in WeWork

    28 days ago - By eFinancial News

    Fast-growing flexible-office group says it struck an ‘opportunistic financing'
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  • Winners and losers from Amazon's HQ2 decision

    28 days ago - By Washington Post

    Amazon is bringing roughly 50,000 jobs and $5 billion in investments to New York and Northern Virginia. But winning the grand prize also comes with some drawbacks.
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  • WeWork picks up ANOTHER $3B from SoftBank

    28 days ago - By Tech Crunch

    WeWork has picked up another $3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher, ultimately valuing WeWork at $42 billion minimum.
    In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note.
    According to the Financial Times , SoftBank will pay WeWork $1.5 billion on January 15, 2019 and another $1.5 billion on April 15.
    SoftBank is far and away WeWork's biggest...
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  • WeWork gets $3 billion in new funding from SoftBank

    28 days ago - By Reuters

    U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan's SoftBank Group Corp, according to an investor presentation seen by Reuters.
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  • SoftBank's investing $3 billion in WeWork, and the deal could value the office sharing firm at around $42 billion

    SoftBank's investing $3 billion in WeWork, and the deal could value the office sharing firm at around $42 billion

    28 days ago - By Business Insider

    Office sharing firm WeWork has secured an additional $3 billion from Japanese tech giant SoftBank, bringing its total funding and commitments to $6.4 billion.
    The SoftBank cash comes in the form of a warrant, giving WeWork the option of new cash in the first half of 2019. The warrant automatically converts to stock in September at a price that gives WeWork a valuation of around $42 billion - provided the company doesn't go public or sell in the meantime.
    WeWork described the funding as "opportunistic financing" available to the company on attractive terms. Business Insider first reported...
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  • SoftBank's investing $3 billion in WeWork, and the deal could value the office sharing firm at around $42 billion

    SoftBank's investing $3 billion in WeWork, and the deal could value the office sharing firm at around $42 billion

    28 days ago - By Business Insider

    Office sharing firm WeWork has secured an additional $3 billion from Japanese tech giant SoftBank, bringing its total funding and commitments to $6.4 billion.
    The SoftBank cash comes in the form of a warrant, giving WeWork the option of new cash in the first half of 2019. The warrant automatically converts to stock in September at a price that gives WeWork a valuation of around $42 billion - provided the company doesn't go public or sell in the meantime.
    WeWork described the funding as "opportunistic financing" available to the company on attractive terms. Business Insider first reported...
    Read more ...