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SoftBank Backs Out of WeWork Tender Offer

By Cory Weinberg
· · Source: Bloomberg

SoftBank confirmed it isn’t going through with the planned purchase of $3 billion of WeWork shares from early investors, including co-founder Adam Neumann, who had planned to unload $970 million to SoftBank. Also missing out is Benchmark Capital. The tender offer was the last stage of SoftBank’s bailout of WeWork that began when the co-working provider’s IPO fell apart last fall. SoftBank had...

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The Startup Trap Quibi Fell Into (and I Almost Did Too)
By Jessica E. Lessin · Oct. 24, 2020 7:47 AM PDT
The Startup Trap Quibi Fell Into (and I Almost Did Too)

This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later—reported the shutdown officially.

I’m very proud of their excellent work, and I have to admit that I have a love-hate relationship with digital media startup stories. I am, after all, a digital media founder. And in ...

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Katzenberg May Shut Down Quibi as Options Run Short
Exclusive
Katzenberg May Shut Down Quibi as Options Run Short
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Quibi to Shutter in Stunning End to Ambitious Venture
Quibi to Shutter in Stunning End to Ambitious Venture
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The Investors Who Face Big Losses From the Quibi Collapse
Exclusive Venture Capital Startups
The Investors Who Face Big Losses From the Quibi Collapse
By Tom Dotan and Jessica Toonkel
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Who Could Lead CNN if Zucker Leaves
Who Could Lead CNN if Zucker Leaves
By Jessica Toonkel
As WarnerMedia CEO Jason Kilar overhauls the media firm to make it more digitally savvy and consumer focused, he is expected to zero in on its news and sports business, particularly CNN, for a shakeup, according to people familiar with the situation.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
By The Information Staff
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.
The Startup Trap Quibi Fell Into (and I Almost Did Too)
The Takeaway
The Startup Trap Quibi Fell Into (and I Almost Did Too)
By Jessica E. Lessin
This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later— reported the shutdown officially.