Shared office space giant WeWork and real estate firm Cushman & Wakefield are negotiating to form a $150 million partnership to navigate the new world of remote working and flexible workplaces, The Wall Street Journal reports.
As part of the alliance, Cushman would make a $150 million investment in the planned merger between WeWork and BowX Acquisition, a SPAC that includes NBA legend Shaquille O’Neal on its advisory board.
That merger, expected to value WeWork at $9 billion including debt, will cap off the firm’s effort to reconstruct its balance sheet following the high-profile collapse of its planned initial public offering in late 2019. Read more.
