WeWork Cuts New Restructuring Deal That Spurns Founder Neumann: WeWork Inc. and its major financial backers including SoftBank Group Corp. have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder Adam Neumann.
Dish Network Bondholders Sue Over EchoStar Asset Moves - WSJ: Creditors allege in a lawsuit that the company breached agreements by moving billions of dollars of assets out of their reach in ‘brazen’ transactions
Fisker starts new round of layoffs to ‘preserve cash’ | TechCrunch: Founder and CEO Henrik Fisker told employees Monday morning in the email that the company is “continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business.”
Brookfield’s 777 Tower Sale Falls Through: Sources – Commercial Observer: The proposed sale price was about half the remaining outstanding debt that’s tied to the 52-story tower at 777 South Figueroa Street, which is the seventh-tallest building in L.A.
