WeWork

WeWork is a commercial real estate company that provides shared workspaces for technology startups and services for other enterprises.

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WeWork, Inc. engages in the provision of flexible workspace solutions. It offers access to office spaces, internet connection, and other shared facilities. The company was founded in 2010 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--WeWork Inc. (NYSE: WE) (“WeWork”), the leading global flexible space provider, today announced that its Board of Directors (the “Board”) has adopted a stockholder rights plan designed to protect long-term stockholder value by preserving the availability of WeWork's net operating loss carryforwards (“NOLs”) and other tax attributes under the Internal Revenue Code (the “Tax Asset Preservation Plan”).

WeWork Adopts Tax Asset Preservation Plan Designed to Protect Long-Term Stockholder Value by Preserving the Availability of Its Tax Assets

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (“WeWork” or the “Company”) (NYSE: WE) today announced that WeWork Companies LLC (the “Issuer”) and WW Co-Obligor Inc. (the “Co-Obligor” and together with the Issuer, the “Issuers”), each a subsidiary of the Company, have commenced separate offers to exchange (each an “Exchange Offer” and, together, the “Exchange Offers”) any and all of the outstanding Issuers' 7.875% Senior Notes due 2025 (the “Old 7.875% Notes”) and 5.

WeWork Announces Commencement of Exchange Offers and Consent Solicitations for Outstanding 7.875% Senior Notes due 2025 and 5.00% Senior Notes due 2025, Series II

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The short-term office-rental pioneer has seen its stock fall to about a dollar since it went public in a SPAC merger. Now, SoftBank has led a complex restructuring and refinancing.

SoftBank Again Saves WeWork With Another Recapitalization

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The agreement will reduce the unprofitable office space company's debt, giving it more financial breathing room.

WeWork Reaches a Debt Restructuring Deal With SoftBank

WeWork Inc (NYSE:WE) has reached a deal to convert about $1 billion worth of major investor SoftBank Group Corp's unsecured notes into equity as the coworking company moves to reorganize its finances.  The move had been expected, and shares of the company climbed 13% Thursday in anticipation.

WeWork reaches $1 billion debt-to-equity deal with SoftBank Group, as expected

Shares of WeWork Inc. WE, +2.29% jumped 3.3% to trade back above the $1 mark in morning trading Friday, after the flexible work space provider announced agreements a group of investors that includes most of its bondholders to reduce debt and bolster liquidity. The “ad hoc” group includes Softbank Corp.'s SOBKY, -0.35% 9434, +0.75% Vision Fund II, a third-party investor and a group representing more than 60% of its public bonds.

WeWork stock bounces back above the $1 mark after debt cancelling, liquidity boost agreements with investors

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth

WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth

WeWork Inc (NYSE:WE) shareholders got some welcome relief after what has been a rough 2022 and start to 2023 for the company's stock price.  The much-maligned coworking space company is expected to reach a financial restructuring deal that would see a major investor, SoftBank Group Corp, convert about $1 billion of debt into equity, according to reports.

WeWork shares rise on expected $1 billion debt-to-equity deal

WeWork Inc. (NYSE: WE), the office-sharing company, was one of the most valuable private companies in the world four years ago.

WeWork Is in Big Trouble

WeWork (NYSE: WE ) stock is a hot topic among traders on Wednesday after recent reports claim the company plans to restructure its debt. According to these recent reports, WeWork is speaking with investors about restructuring its over $3 billion of debt.

WE Stock Alert: What to Know as WeWork Plans to Restructure Debt

WeWork Inc is in talks with investors to restructure its outstanding debt of more than $3 billion and raise more cash, the New York Times reported on Tuesday.

WeWork in talks with investors to restructure over $3 bln debt - NYT

NEW YORK--(BUSINESS WIRE)---- $WE #wework--WeWork Inc. (NYSE: WE) (“WeWork”), the leading global flexible space provider, today announced a franchise partnership with SiSebenza, a pan-African real estate investor, giving SiSebenza the exclusive right to operate WeWork's existing locations in South Africa. The deal also grants SiSebenza exclusive rights to grow and operate the WeWork franchise in Ghana, Kenya, Mauritius and Nigeria.

WeWork and SiSebenza Announce Franchise Partnership for WeWork South Africa

Collaboration with WeWork to support a more distributed, inclusive workforce PHILADELPHIA and NEW YORK , Feb. 23, 2023 /PRNewswire/ -- Clario, a leading healthcare research and technology company that generates the richest clinical evidence for pharmaceutical, biotech and medical device partners, and WeWork (NYSE: WE), a leading flexible space provider, have partnered to provide Clario's workforce with WeWork All Access passes and flexible space across the United States, United Kingdom, Germany, Belgium, Hungary, and Costa Rica, giving colleagues even more flexibility with where they work. COVID changed how and where Clario's colleagues wanted to engage with each other, and it became clear that Clario needed to balance different needs for different people.

Clario Teams with WeWork to Enhance Hybrid Work Strategy; Flexible Workspace to be Accessible for Thousands of Employees Worldwide

NEW YORK--(BUSINESS WIRE)---- $WE #We--Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of BowX Acquisition Corp., which merged with WeWork Cos Inc. ("WeWork" or "the Company") (NYSE: WE) on October 21, 2021. Such investors who continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/we1.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of WeWork Cos. Inc. (WE) Investigation

An analyst at research firm Third Bridge said that WeWork Inc (NYSE:WE) faces numerous challenges to profitability as corporate headcount reductions have hurt demand for flexible office space. WeWork reported a wider-than-expected fourth quarter loss despite the New York-based rental giant's revenue beating Wall Street estimates.

WeWork faces a “very tough road” to profitability, says Third Bridge

WeWork Inc. (NYSE:WE ) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET Company Participants Kevin Berry - Senior Vice President, Investor Relations Sandeep Mathrani - Chairman and Chief Executive Officer Andre Fernandez - Chief Financial Officer Conference Call Participants Vikram Malhotra - Mizuho Omotayo Okusanya - Credit Suisse Alex Kramm - UBS Tom Catherwood - BTIG Alexander Goldfarb - Piper Sandler Brett Knoblauch - Cantor Fitzgerald Operator Welcome everyone to the WeWork Fourth Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

WeWork Inc. (WE) Q4 2022 Earnings Call Transcript

WeWork Inc (NYSE:WE) shares tumbled after it reported a wider-than-expected fourth quarter loss despite the troubled company's revenue beating Wall Street estimates. For the period ended December 31, 2022, the New York based office-rental giant reported a loss of $0.59 per share, which was $0.16 cents less than analyst estimates of $0.43.

WeWork shares tumble as it posts wider-than-expected 4Q loss despite revenue beating Wall Street estimates

WeWork Inc on Thursday said it turned a core profit in December for the first time since it went public, helped by cost cuts.

WeWork turns core profit in Dec for the first time since listing

WeWork Inc. WE, +11.61% said Thursday it had a net loss of $454 million, or 59 cents a share, for the fourth quarter, narrower than the loss of $715 million, or $1.82 a share, posted in the year-earlier period. The number was wider than the FactSet consensus for a loss of 43 cents a share.

WeWork posts wider-than-expected Q4 loss as revenue edges past consensus, while guidance falls short

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three months, and fiscal year ended December 31, 2022. Fourth quarter, full-year and other recent highlights include: Revenue for the fourth quarter was $848 million, an increase of 18% year-over-year.

WeWork Reports Fourth Quarter and Fiscal Year 2022 Results

WeWork Announces New SoftBank Appointment, David Tolley, to Board of Directors

WeWork (NYSE: WE ) layoffs are on the way as the company reveals job cuts as it prepares to release its latest earnings report. According to a press release from WeWork, the layoffs will see it reduce its global workforce by 300 employees.

News for WeWork Stock (WE)