Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth’ and to re-emerge next month
A US bankruptcy judge approved WeWork’s Chapter 11 bankruptcy plan, enabling the struggling shared office space provider to eliminate $4bn of debt and handing control over to a group of lenders and real estate tech firm Yardi Systems.
Days after Adam Neumann, co-founder and ex-CEO, confirmed he had shelved a bid to buy the business, WeWork said it expected to emerge from bankruptcy next month.
More Stories
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
Aston Martin limits exports to US because of Trump tariffs
TikTok fined €530m by Irish regulator for failing to guarantee China would not access user data