Tag: WeWork
WeWork slashes rent costs by $8bn, aims for May Chapter 11...
WeWork, the global workspace provider, announced significant progress in its real estate and financial restructuring efforts, positioning itself for emergence from Chapter 11 in...
WeWork files for bankruptcy
WeWork, once the biggest US startup worth $47bn, has filed for bankruptcy in the US. WeWork and certain of its entities has filed for protection...
WeWork plans to file for bankruptcy, WSJ reports
Flexible workspace provider WeWork is planning to file for bankruptcy as early as next week, according to the Wall Street Journal report, citing people familiar with...
WeWork names new chief executive officer
WeWork has appointed David Tolley as Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief...
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...
