Wednesday, 1 November 2023 Co-working company WeWork is reportedly planning to file for bankruptcy as early as next week. The company, which had a valuation of $47 billion before its failed IPO and challenges during the pandemic, has been in discussions with creditors to improve its balance sheet and rationalize its real estate footprint. It recently entered into a forbearance agreement with its creditors that will end in seven days. WeWork debuted in 2010 and grew rapidly, but now faces the prospect of bankruptcy.
WeWork , Files for Bankruptcy.
WeWork, previously "the world's most valuable startup," filed for bankruptcy on Nov. 6, CNN reports.
The bankruptcy filing was expected, as the company announced last..
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In a shocking turn of events, co-working giant WeWork has filed for bankruptcy in the United States, revealing a staggering range of liabilities from $10 to $50 billion. Join us as we explore the..
WeWork India's CEO, Karan Virwani, stated that the US-based co-working startup's bankruptcy filing will not affect WeWork India's business, as it operates... IndiaTimes
According to a Wall Street Journal report, citing sources, the flexible-office-space provider is now preparing for chapter 11 protection in the state of New... Zee News
WeWork India, despite its US parent company filing for bankruptcy, is continuing with its expansion plans and adding new spaces in South India. The company has... IndiaTimes
Wednesday, 1 November 2023
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