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Tuesday, October 1, 2019

WeWork considers two more unit sales

Axios reports that WeWork (WE) has two more recent acquisitions on its spin-off or sell list: SpaceIQ (real estate task management) and Teem (software for office space management).
The source says WE has already received interest in its previously reported units for sale: ManagedbyQ, Meetup, and Conductor.
Earlier today, Bloomberg reported that WE could sell its minority stake in female-focused rival the Wing as a way to help with its cash burn after the failed IPO.
https://seekingalpha.com/news/3503126-wework-considers-two-unit-sales-axios

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