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WeWork in talks to go public through a merger with SPAC, says report

A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over the past two months, cautioning that current talks could fall apart.

Photo: Reuters
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The Wall Street Journal earlier reported that WeWork was in talks with a SPAC affiliated with Bow Capital Management LLC and a deal could value WeWork at nearly $10 billion | Photo: Reuters

Reuters
WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC) and is also exploring raising funds from private investors, a little over a year after its botched initial public offering (IPO), according to a source familiar with the matter.
 
The office-sharing startup's plans for its high-profile IPO imploded spectacularly in October 2019 due to widespread criticism https://www.reuters.com/article/us-usa-property-wework-namechange-exclus-idUSKBN26Z2DR over the office-sharing startup's business model and its founder Adam Neumann's management style.
 
A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over