NYSE:WE - New York Stock Exchange, Inc. - US96209A4013 - Common Stock - Currency: USD
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The Indian franchisee of U.S. shared office space manager WeWork has filed for an initial public offering in Mumbai, draft papers filed by the company showed. The offer will consist of the sale of 33 million equity shares by Indian real estate firm Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant. It will not issue new shares.
How a WeWork rival’s slow-and-steady approach clinched an $800 million sale; Deal chatter from Island, Cohesity, Plaid.
Company said it remains committed to spaces at 12 remaining buildings in Singapore.
WeWork Inc. is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets.
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Rajeev Misra is formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund, bringing to a close a tumultuous tenure at the helm of what had been the largest-ever venture capital fund.
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He once wrote a US$4 billion cheque to former WeWork CEO Adam Neumann after listening to his pitch.
Italian company Bending Spoons is buying up subscription tools like Evernote and WeTransfer and is ready to spend billions more.
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A strip mall mogul was found guilty in New York of orchestrating a fake $77 million tender offer for WeWork Inc. in the days before the company filed for bankruptcy in November 2023.
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This story was first published on the Benzinga India portal.
Adam Neumann's residential real estate startup Flow is getting into the shared coworking business, Bloomberg reports.
Former President and CFO of SoftBank Group International Alok Sama is out with a new book taking a look at what goes on behind the scenes of deals made by the powerhouse that is SoftBank - the tech investor that backed the likes of Arm, Nvidia, TikTok, Uber, Alibaba and WeWork. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology." (Source: Bloomberg)
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The new service, Workflow, avoids the specific business model that got his original coworking company into trouble.
Even though the co-working giant’s US parent has emerged from bankruptcy with considerably less debt, its local loss-making operation faces “significant doubt”, its auditors say.
The co-working billionaire has opened a branch of his Andreessen Horowitz-backed co-living startup Flow in Riyadh.