WeWork Sells Stake in The Wing to GV, Others -- Reports
January 22 2020 - 2:56PM
Dow Jones News
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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