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Financial Times – SoftBank pays $1.5bn to WeWork’s banks days before bankruptcy filings
The Financial Times says SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders just days before WeWork filed for bankruptcy, as the cost of one of the worst venture capital investments in history mounts for the Japanese group.
The paper says the payment takes the total that SoftBank has committed to WeWork to more than $16bn since an initial investment in 2017, a move it says has proved “one of the worst venture capital investments in history”.
The front page features an image of Gazans fleeing their homes as Israel advances.
Map reveals London’s road and Tube line closures on Armistice Day – are you affected?
November 9, 2023
2:04 pm
The majority of the City of London will be closed from 7am on Saturday.
What to do in London this week: Christmas lights, return of the Vagina Museum and a jazzy Nutcracker!
November 9, 2023
1:02 pm
The countdown to Christmas begins in London…
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