Prospective investors in WeWork's 2019 IPO were in part spooked by losses that stretched into the billions of dollars with no clear path to profitability.
The company expects adjusted earnings before interest, taxes, depreciation and amortization of $485 million next year, the report added.
IWG, however, said it has seen increased demand for hybrid working space and suburban locations amid the seismic shift to […]
SoftBank, which poured more than $13.5 billion into WeWork, was pulled into the legal dispute with directors at WeWork after backing out of the $3 billion...
A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over the past two months, cautioning that...
WeWork Companies LLC’s revenue declined in the third quarter but its cash burn slowed, a company memo showed on Thursday, with management confident the shared-workplace provider...
Workspace had offered most of its customers a 50% rent discount in the first quarter. Workspace Group on Wednesday swung […]
WeWork India’s contribution to global revenue is currently small but it will continue to rise as the country has great […]
A WeWork board committee that negotiated the tender offer sued SoftBank in April over that decision, accusing the Japanese company […]
The deal effectively offloads the China unit away from the parent, which has faced fundraising issues since a failed attempt […]