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“#WeWork reportedly cuts deal to go public with SPAC” WeWork has reportedly agreed to a merger with a newly formed company — and is back on track to go public. The office-sharing giant, which had spectacularly failed nearly two years ago and botched a previous effort to go public, agreed to merge with BowX Acquisition…
“#WeWork’s Adam Neumann reportedly eyes SoftBank settlement” Adam Neumann’s golden parachute keeps getting smaller. The WeWork co-founder is discussing a settlement with SoftBank that would cut his payout from the Japanese investment giant roughly in half, according to reports. Neumann and WeWork filed separate lawsuits against SoftBank last spring after it abandoned plans to buy…
“#WeWork may try an IPO again after it becomes profitable” WeWork is once again looking to go public — but only if it starts making money. The beleaguered office-sharing startup could take another shot at an initial public offering after it becomes profitable, a milestone it expects to reach next year, CEO Sandeep Mathrani reportedly…
“#WeWork killed Adam Neumann’s $185M consulting gig, exec says” Adam Neumann’s golden parachute just lost nine figures. The erstwhile founder and CEO of WeWork appears to have had his $185 million consulting fee yanked, according to his replacement who claimed on Monday that Neumann violated an agreement with WeWork’s owner, Japanese conglomerate SoftBank. “I don’t…
“#Book details the destructive, booze-fueled antics of Adam Neumann” In August 2018, workspace-sharing company WeWork hosted its seventh annual “summer camp,” a corporate retreat with a bacchanalian vibe. They had plenty to celebrate — the 8-year-old startup had just been valued at $35 billion, putting it ahead of Airbnb and SpaceX. The founders spared no…