REPORT: Adam Neumann Talked Up WeWork To Eventual SPAC Investor
The man who led WeWork into a disastrous IPO attempt in 2019 apparently also played a part in the coworking company's more recent attempt to go public.
The man who led WeWork into a disastrous IPO attempt in 2019 apparently also played a part in the coworking company's more recent attempt to go public.
WeWork may get another boost from its longtime backer.
WeWork is cutting its lease liabilities, which accounted for over two-thirds of total operating expenses in the second quarter.
WeWork's hopes of restructuring via the bankruptcy process rely on altering many of its leases.
WeWork got a seven-day extension to make one interest payment. But at the same time, it missed another.
Yardi will fund $377M of the $450M WeWork is receiving to emerge from bankruptcy.
The planned lease assumptions include locations in Boston, Chicago, Denver, Houston, New York, San Francisco and D.C.
Proposed stadium deals in Las Vegas and Oakland have new financial backers.
D.C.-based tech company Mapbox is more than tripling is footprint by moving out of a co-working space into a new 21K SF office near the White House
PropTech firm Reonomy announced that it raised $16M in its latest funding round led by Bain Capital and new investors, as well as a partnership with NKF.
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