Reading Time: 2 minutesUS: A New Jersey bankruptcy judge has rejected WeWork co-founder AdamNeumann’s efforts to buy back the company.
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.
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.
Reading Time: 1 minuteUS: WeWork, which was once valued at $47 billion, has been filed for bankruptcy in the US.
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.
Reading Time: 2 minutesUS: WeWork has begun formal negotiations with all its landlords over its lease commitments.
Reading Time: < 1 minuteUS: WeWork has issued a warning to investors that it may not be able to continue as a viable business.
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