Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments.

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier.

WeWork has officially emerged from bankruptcy — and appointed new leadership in the process.

Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings.

Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process.

Japanese technology company SoftBank Group has reported it racked up a huge loss in the July-September quarter, as some of its investments soured.

WeWork has filed for Chapter 11 bankruptcy protection.

Trading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.

Shares are mostly lower in Asia after a mixed close on Wall Street.

WeWork says it will renegotiate nearly all of its leases, an announcement coming just weeks after the workspace-sharing provder sounded the alarm on its future ability to stay in business.

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.

WeWork is warning there’s “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving.

Japanese companies have joined the effort to speed up the country's lagging coronavirus vaccine rollout before the Tokyo Olympics begin next month.

In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions and small-pocketed investors alike. The goal is to use those millions of dollars to take a private company public without using the traditional initial public offering process that’s been around for decades. Management has a financial incentive to find an acquisition target — most often management receives a 20% stake in the newly public company. An exchange-traded fund consisting of SPACs and companies taken public through SPAC acquisitions, the Defiance Next Gen SPAC fund, jumped 55% between early November and mid-February.

“You’re going to find they can accommodate most pop-up meetings inside their office, so they don’t have to go to WeWork,” said Patrick Dore, a former Notre Dame real estate law professor who has handled office space deals in Manhattan. AdWeWork leases buildings and divides them into office spaces to sublet to members, which include small businesses, start-ups and freelancers who want to avoid paying for permanent office space. AdOakley said that while leasing volumes are still low, inquiries for serviced office space have been rising since the start of the year. He said the WeWork IPO is coming too soon because most large office users are still sorting out what they want to do with workers and office space. MIT's Cusumano said the model could make money if companies give up a lot of office space, then lease from WeWork for mobile offices or meetings.