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WeWork agrees to deal with UBS to redesign their office space

Great deal for the co-working giant

(Credit: WeWork)

WeWork reached an agreement with UBS to renovate and redesign their office space, according to Bloomberg. The co-working giant should continue focusing on becoming more of a management company to reduce exposure and risk. Without the billions, the company would be forced to do more of this. Sometimes too much money stunts creativity.

The concept: This new business line offers design and office management expertise to large companies. It generated $13.7 million in revenue last year.

Why it matters: The coworking giant is looking for new revenue streams to justify their excessive valuation.

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