Judge puts a halt to Neumann’s WeWork bid
George Sell
May 29, 2024
Reading Time: 2 minutesUS: A New Jersey bankruptcy judge has rejected WeWork co-founder AdamNeumann’s efforts to buy back the company.
WeWork plans to exit bankruptcy with Yardi as majority shareholder
George Sell
April 30, 2024
Reading Time: 2 minutesUS: WeWork’s lawyers have revealed that under its plan to exit bankruptcy, property management software provider Yardi Systems would become the company’s majority shareholder.
WeWork could exit bankruptcy by the end of May despite mounting losses
George Sell
April 3, 2024
Reading Time: < 1 minuteUS: WeWork says it expects to be out of Chapter 11 bankruptcy by the end of next month, having renegotiated or exited 90 per cent of its leases.
WeWork files for bankruptcy
George Sell
November 7, 2023
Reading Time: 1 minuteUS: WeWork, which was once valued at $47 billion, has been filed for bankruptcy in the US.
WeWork uncertainty deepens amid missed interest payments and tenant evictions
George Sell
October 12, 2023
Reading Time: < 1 minuteWorldwide: WeWork has decided not to make interest payments totalling around $95 million, and has announced the closure of one of its major London properties.
WeWork begins lease renegotiations as CEO insists the company is “here to stay”
George Sell
September 7, 2023
Reading Time: 2 minutesUS: WeWork has begun formal negotiations with all its landlords over its lease commitments.
WeWork woes continue as it admits “substantial doubt” over its viability
George Sell
August 15, 2023
Reading Time: < 1 minuteUS: WeWork has issued a warning to investors that it may not be able to continue as a viable business.