WeWork to close its New York elementary school next year

WeWork's India franchise has seen talks with existing backer ICICI Bank on $100 million in new funding break down since The We Company's botched stock market launch and is in discussions on raising $200 million from other investors, the venture's chief shareholder Jitu Virwani said on Thursday.

WeWork to close its New York elementary school next year

WeWork says it will close its elementary school in New York next year, as the office-sharing company grapples with a cash crunch following its botched attempt to sell its stock on Wall Street.

Fri 11 Oct 19 from TechXplore

Exclusive: WeWork owner creates committee to decide on financing lifeline - sources

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender ...

Wed 16 Oct 19 from Reuters Technology

WeWork shuts 2,300 office phone booths over health scare

WeWork has a new problem: It's taking 2,300 phone booths out of service at its rental offices in the United States and Canada because they may have elevated levels of formaldehyde, a carcinogen. ...

Tue 15 Oct 19 from CNN

WeWork prefers JPMorgan's financing package over SoftBank's control: Bloomberg

Shared office space company WeWork prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan's SoftBank Group Corp, Bloomberg ...

Mon 14 Oct 19 from Reuters Technology

WeWork opens new sites at breakneck speed despite cash-burn concerns

WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is ...

Mon 14 Oct 19 from Reuters Technology

SoftBank seeks control of WeWork through financing package: source

SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.

Sun 13 Oct 19 from Reuters Technology

SoftBank seeks control of WeWork through financing package: WSJ, Sun 13 Oct 19 from Reuters Technology

WeWork Could Run Out of Money Next Month: Report

Well, well, well. It turns out that flushing millions of dollars down the toilet year over year is not a particularly sustainable path to success!Read more...

Fri 11 Oct 19 from Gizmodo

WeWork India seeks new backers after talks with local bank collapse

WeWork's India franchise has seen talks with existing backer ICICI Bank on $100 million in new funding break down since The We Company's botched stock market launch and is in discussions on ...

Thu 10 Oct 19 from Reuters Technology

WeWork to open new co-working sites in Singapore and Manila

Office-sharing startup WeWork will open new locations in Singapore and the Philippines this year, it said, even as it seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp ...

Thu 10 Oct 19 from Reuters Technology

Total number of sources: 12

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