All posts tagged "co-working"

PropTech

WeWork’s future is bleak

SoftBank Group has officially pulled out of its deal to buy $3 billion worth of shares...

PropTech

The Wing crashes in value

Co-working startup The Wing was valued at roughly $365 million in the heady days of 2018, before WeWork’s...

PropTech

WeWork sells Managed by Q at loss

WeWork has sold Managed by Q to startup Eden for $25 million. Adam Neumann paid $220 for the facilities management company...

PropTech

Knotel looks like WeWork 2.0

WeWork-competitor Knotel laid off a third of its NYC-focused staff last week. This comes after CEO Amol...

PropTech

Knotel inks small lease

Knotel has inked an 11,500 square-foot office lease at Jack Terzi’s at 8 West 28th Street in Nomad, CO...

Acquisitions

SoftBank turns to Goldman Sachs for WeWork bailout

SoftBank is turning to Goldman Sachs to help arrange part of its $5 billion debt package promised to...

PropTech

Masa appoints Marcelo Claure to save WeWork

Masayoshi Son has personally selected SoftBank’s COO Marcelo Claure, the former CEO of Sprint to try and...

PropTech

Softbank rescues WeWork

WeWork has reached an agreement to be taken over by SoftBank, valuing the co-working firm between...

PropTech

WeWork is in trouble

With $2.5 billion in cash as of June 30th, WeWork only has enough money to last until next...

PropTech

Adam Neumann ousted as CEO of WeWork

Adam Neumann is officially out as CEO of WeWork. He will remain non-executive chairman, but will cede...