Business, WeWork, Real estate, Venture capital, Chapter 11 – corporate bankruptcies Business | The Guardian
Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth’ and to re-emerge next monthA US bankruptcy judge approved WeWork’s Chapter 11 bankruptcy plan, enabling the struggling shared office space provider to eliminate $4bn of debt and handing control over to a group of lenders and real estate tech firm Yardi Systems.Days after Adam Neumann, co-founder and ex-CEO, confirmed he had shelved a bid to buy the business, WeWork said it expected to emerge from bankruptcy next month. Continue reading…
Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth’ and to re-emerge next month
A US bankruptcy judge approved WeWork’s Chapter 11 bankruptcy plan, enabling the struggling shared office space provider to eliminate $4bn of debt and handing control over to a group of lenders and real estate tech firm Yardi Systems.
Days after Adam Neumann, co-founder and ex-CEO, confirmed he had shelved a bid to buy the business, WeWork said it expected to emerge from bankruptcy next month.
