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WeWork

WeWork India strengthens footprint in country, adds two new buildings

WeWork India strengthens footprint in country, adds two new buildings

Tue, Apr 23, 2024

The new buildings are located in key business hubs and will redefine the workspace experience for professionals and enterprises alike, said the company.

Why WeWork failed, and what is next

Why WeWork failed, and what is next

Wed, Nov 08, 2023

WeWork, founded in 2010, aimed to revolutionize the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements.

SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy

SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy

Tue, Nov 07, 2023

The company reported estimated assets and liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing.

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WeWork plans to file for bankruptcy as early as next week, source says

WeWork plans to file for bankruptcy as early as next week, source says

Thu, Nov 02, 2023

WeWork bankruptcy news 2023: WeWork (WE.N) plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses.

WeWork India revenue up 40% in April-June to Rs 400 crore on rising demand for co-working space: CEO

WeWork India revenue up 40% in April-June to Rs 400 crore on rising demand for co-working space: CEO

Mon, Aug 21, 2023

Co-working major WeWork India's revenue grew by 40 per cent to Rs 400 crore during the first quarter of this fiscal year on rising demand for flexible workspace across major cities from corporates, its CEO Karan Virwani said.

WeWork's bankruptcy warning to not impact India unit

WeWork's bankruptcy warning to not impact India unit

Thu, Aug 10, 2023

WeWork India, which is backed and owned in majority by Indian real estate firm Embassy Group, said it was focused on growth with sustained profitability and the fundamentals of its business remain strong.

Have 'substantial doubts' about our ability to stay in business: WeWork

Have 'substantial doubts' about our ability to stay in business: WeWork

Wed, Aug 09, 2023

Flexible workspace provider WeWork, once valued at $47 billion, is now struggling to survive in a post-pandemic world, saying that “substantial doubt exists about the company's ability to continue as a going concern”.

WeWork India forays into Delhi, takes 54,000 sq ft office space in South Delhi from Eldeco

WeWork India forays into Delhi, takes 54,000 sq ft office space in South Delhi from Eldeco

Tue, Apr 04, 2023

Bengaluru-based WeWork India in a statement said that it has taken on lease over 54,000 square feet of space at 'Eldeco Centre', a premium office building by Eldeco in South Delhi. Set to open around August 2023, the newly built Eldeco Centre is located in close proximity to Malviya Nagar metro station.

MASSIVE! WeWork India revenue to rise to around Rs 1,300 cr this year, says CEO Karan Virwani

MASSIVE! WeWork India revenue to rise to around Rs 1,300 cr this year, says CEO Karan Virwani

Tue, Dec 13, 2022

The company is not only EBITDA (earnings before interest, taxes, depreciation, and amortisation) positive but also generating free cash flow to expand business and sustain the growth momentum, Virwani said.

WeWork chairman Marcelo Claure shares photo of lavish dinner day after 2,400 fired

WeWork chairman Marcelo Claure shares photo of lavish dinner day after 2,400 fired

Mon, Nov 25, 2019

This long-anticipated layoff is the biggest move by Japanese technology conglomerate SoftBank Group Corp, which is providing a $9.5 billion lifeline and will soon own about 80 per cent of WeWork`s shares.

SoftBank to tighten governance at start-ups after WeWork debacle

SoftBank to tighten governance at start-ups after WeWork debacle

Tue, Nov 05, 2019

SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO.

SoftBank's WeWork takeover would lead to Adam Neumann''s exit - sources

SoftBank's WeWork takeover would lead to Adam Neumann''s exit - sources

Tue, Oct 22, 2019

SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the US office-space sharing start-up afloat.

Zee5 & WeWork organises panel discussion, talks about OTT platforms future

Zee5 & WeWork organises panel discussion, talks about OTT platforms future

Sat, Oct 12, 2019

Zee5 & WeWork organises Panel discussion over OTT platforms future. Watch this video to know more.

SoftBank aims to oust Adam Neumann as WeWork CEO: Report

SoftBank aims to oust Adam Neumann as WeWork CEO: Report

Mon, Sep 23, 2019

Japanese conglomerate SoftBank Group reportedly wants to oust Adam Neumann as the CEO of WeWork, a US firm that provides shared workspaces for start-ups. WeWork directors were planning an immediate board meeting this week to discuss the details of removing Neumann.

WeWork looking for $2.75 billion credit line ahead of IPO

WeWork looking for $2.75 billion credit line ahead of IPO

Thu, May 30, 2019

Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.

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