Tag: WeWork
WeWork to close 40 locations in US to reduce costs
Global flexible space provider WeWork Thursday said it plans to exit approximately 40 underperforming locations in the United States. The closures, comprised of approximately 41,000...
WeWork forms global partnership with Upflex
WeWork has formed a strategic partnership with Upflex, a coworking aggregator and global flexible workplace startup, to establish a combined global network of over...
Cushman & Wakefield invests $150 million in WeWork
Cushman & Wakefield has made a $150 million strategic investment in global flexible space provider WeWork. As part of the investment, Cushman & Wakefield’s Chief...
WeWork completes SPAC merger to become publicly traded company
WeWork Inc. has completed its business combination with BowX Acquisition Corp., a special purpose acquisition company(SPAC), to become a publicly traded flexible space provider....
WeWork, Softbank fund form JV in Latin America
WeWork said Wednesday it has formed a joint venture with SoftBank Latin America Fund to grow its business in Latin America. The joint venture agreement...
WeWork to go public through $9bn SPAC merger
WeWork and BowX Acquisition Corp., a special purpose acquisition company (SPAC), have entered into a definitive merger agreement that will result in WeWork becoming...
SoftBank announces settlement with WeWork co-founder Adam Neumann
SoftBank Group Corp. said on Friday it has entered into a settlement agreement with WeWork special committee (formerly referred to as The We Company)...
WeWork CFO Kimberly Ross to step down
WeWork announced that Kimberly Ross will be stepping down as Chief Financial Officer (CFO) at the end of this month for personal reasons. WeWork...
WeWork secures new $1.1bn commitment from Softbank
The We Company, a parent organization of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671...
Columbia, WeWork terminate lease at 149 Madison Avenue in Manhattan
Columbia Property Trust and WeWork have released a joint statement on Thursday regarding termination of WeWork’s lease at 149 Madison Avenue in Manhattan. The statement...
