WeWork Sells Stake in The Wing to GV, Others -- Reports

Date : 01/22/2020 @ 7:56PM
Source : Dow Jones News
Stock : Alphabet Inc (GOOG)
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WeWork Sells Stake in The Wing to GV, Others -- Reports

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By Josh Beckerman

 

--WeWork has sold its minority stake in The Wing to investors including GV (formerly Google Ventures), according to reports from Axios and Fortune.

--The Axios report said existing Wing investors NEA and Sequoia Capital participated.

--A WeWork press release, which didn't name the buyers or specify the deal price, said the Wing transaction and the recent sale of Teem to iOffice "mark the latest progress in WeWork's evolution" as it focuses on its core business.

 

Full story: https://www.axios.com/wework-sells-stake-the-wing-5692f6ff-38ea-499d-9c1f-290ce30f0f76.html and https://www.fortune.com/2020/01/22/wework-the-wing-google-ventures/

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 22, 2020 14:41 ET (19:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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