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Property News for 23 October 2019
Sources: WeWork would have run out of money by next Friday without SoftBank deal
CNBC - 23 Oct 2019 15:39
Without the SoftBank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC's David Faber.
Without deal, WeWork would have been out of money next week, sources say
CNBC - 23 Oct 2019 15:09
WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders.
If anyone can figure out WeWork's value, it's SoftBank: Pro
CNBC - 23 Oct 2019 14:34
SoftBank recently announced it will take control of WeWork in a move expected to value the company at about $8 billion, according to the Wall Street Journal. But WeWork wasn't SoftBank's Masa Son's first risky investment...
Hong Kong's leaders need to do 'something radical': Economist
CNBC - 23 Oct 2019 09:13
Beijing will embrace "symbolic change" in Hong Kong, but that won't help much, says Andy Xie, an independent economist. He also says Hong Kong authorities need to adopt a more progressive tax structure, including changes...
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