Proposals to help WeWork's cash crunch are due on Monday. SoftBank would value the company higher than JPMorgan's offer.
Shares of the company's stock have plummeted more than 98% this year. WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of ...
The sheer scale of WeWork's future lease commitments have investors' eyes popping out on stalks.
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 ...
This week, the coworking company WeWork, which was once valued at $47 billion, filed for bankruptcy. The Wall Street Journal reports that the company’s main backer, Softbank, lost more than $14 ...
CEO Adam Neumann reveals the name change, goes into detail on his recent conversations with SoftBank’s Masayoshi Son, who invested $2 billion in the company at a $47 billion valuation, and discusses ...
WeWork said Monday it will shed $4 billion in debt and get $450 million in new financing to get out of bankruptcy without being sold to its co-founder and former CEO Adam Neumann, the architect of its ...
In the 11 years since its founding, WeWork has had a wild ride. At its core, it's a real estate company that subleases trendy office spaces to other businesses. But the workers at the company, led by ...
WeWork has seen its fair share of stumbles in the past year: an indefinitely postponed initial public offering, a sharp leasing slowdown in two of its biggest markets, accusations of insider dealings ...
A bout a week ago, word spread among the tenants of WeWork’s shared office space in London’s Waterloo neighborhood that an employee who was potentially ill with COVID-19 had been working in the ...
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases. By Jordyn Holman and J.
Say WeWork and one person comes to mind: Adam Neumann, the lanky founder and former CEO with flowing black hair and a rock-star persona who would carry on about the "energy" of the company's communal ...
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