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The latest in the WeWork saga involves a SPAC
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This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Of course it did. Just about every single late-stage company in private markets at the moment has been contacted by a blank-check company looking for a deal. Kicking off […]
Investors are starting to demand better of the companies they own
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In 1970, Milton Friedman wrote an op-ed that would embolden investors and enrage activists for decades. Its title: “The social responsibility of business is to increase its profits.” Despite insistence from many that his doctrine is dead, Friedman acolytes still count at least one powerful ally: the U.S. Labor Department. In a new rule to […]
After a year of crackdowns, investors welcome Beijing’s new focus on ‘stability’
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Analysts are bullish on Chinese markets rebounding in 2022. Read More