Hints and tips:
...His firm M Klein helped broker the legal truce between the PIF and the PGA Tour over the Saudi’s breakaway LIV Golf tournament, which is designed to include a PIF investment in the PGA Tour — a deal that...
...“The decision [creditors] have to make is would I rather take the equity [in WeWork] and play for that upside or would I rather take the cash offer I’m being given [by Neumann]?”...
...And I’m not calling....
...That deregulation ushered in a financing and M&A boom that paved the way for broadband internet and the digital economy....
...Here’s more on Neumann’s campaign for control of WeWork....
...Flow, Neumann’s new property company confirmed that “a coalition of half a dozen financing partners . . . submitted a potential bid” two weeks ago....
...He worked closely with Adam Neumann when WeWork was struggling to win over investors, and has worked closely with buyers and sellers in tense M&A situations....
...Adam Neumann is back, with a lot to say on… defence and national security?...
...But Neumann’s overtures have kindled some interest from two of the biggest names in the hedge fund industry. We’re also reading . . ....
...And here’s what else I’m keeping tabs on today: Results: Private equity group Carlyle publishes results this morning....
...Katie MartinWell, given that you’ve been long, I’m gonna have to be short, but I would also happily be long. But Adam Neumann is back....
...I’m talking about chords with flat nines and 13s; I’m talkin’ half-diminished with dominant sevens. I’m talking chords....
...Neumann was ousted from WeWork in 2019 after it racked up billions of dollars in losses....
...Sonja Hutson I’m Sonja Hutson, in for Marc Filippino, and here’s the news you need to start your day. [MUSIC PLAYING] WeWork filed for bankruptcy yesterday....
...WeWork founder Adam Neumann did not. SoftBank boss Masayoshi Son was once fond of describing his own business as a goose that lays golden eggs. WeWork came out addled....
...And I’m joined now by the FT’s Joe Miller to talk about it. Hey, Joe. Joe Miller Hey. How are you doing? Marc Filippino I’m all right....
...Katie MartinI’m short something. As I’m sure you’re aware, Ethan, it’s the UK Budget tomorrow....
...“If it doesn’t sell, that’s it, I’m not cutting the price anymore,” he said. Additional reporting by Andy Lin in London...
...More economic data: Inflation in the eurozone has fallen far more than expected to 2.4 per cent in November, the slowest annual pace since July 2021 Here’s what else I’m keeping tabs on today: COP28: The...
...And what else I’m keeping tabs on today: Elections: Off-year elections will take place in states across the US today — a year before the presidential election....
...And so normally what you do is say, well, I’m gonna go back to the bond market or I’m gonna go back to the loan market or whatever it is, and I’m gonna say, can I borrow some more money, please?...
...One last windfall WeWork’s bankruptcy could set up its billionaire founder Adam Neumann for a payday worth hundreds of millions of dollars, The Wall Street Journal reports....
...Two things to start: WeWork has filed for bankruptcy, a humbling fall for the once high-flying co-working start-up co-founded by Adam Neumann and backed by billions of dollars from Japan’s SoftBank....
...Four years after Adam Neumann, the cult leader of co-working, resigned as CEO the company’s ability to continue as a going concern is in doubt....
...I’m not going to cape for capitalism. I’m hardly a true believer in markets as the most efficient allocators of resources and arbiters of policy....
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