WeWork's co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company. The civil complaint, filed in Delaware's Chancery Court, is the latest legal tussle over SoftBank's multibillion-dollar rescue of We Co., the parent of WeWork, and caps the dramatic falling out of SoftBank founder Masayoshi Son and Mr. Neumann.
Co-working space provider WeWork is looking towards a new generation of entrepreneurs--many of whom probably don't know what that word means. The $20 billion startup said Monday that it's launching a private elementary school inside one its trendy New York office spaces with a pilot class of seven, including a child of founders Adam and Rebekah Neumann, Bloomberg reported. "In my book, there's no reason why children in elementary schools can't be launching their own businesses," Rebekah Neumann told the news site in an interview. The venture, which centers on a "conscious entrepreneurship" curriculum, comes as the startup has been thinking beyond the workplace to apply its communal ethos to other aspects of life. It opened a shared apartment space last year, along with a gym and wellness center and a coding bootcamp.
WeWork announced Tuesday that it's acquiring the SEO marketing business Conductor. The terms of the deal were not disclosed. While a marketing business may not seem like an obvious acquisition target for the workspace sharing company, Conductor should give WeWork a stronger connection to enterprise clients. "Together, we can help large companies expand their digital presence and deliver customer value through digital content," WeWork said in a blog post. WeWork became a Conductor client in 2016.