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India, WeWork
WeWork’s Stake Sale in Indian Unit Fails After Regulatory Hurdles
WeWork's plan to sell its stake in its Indian subsidiary falls through due to a disagreement on valuation. The company is exploring alternative options for its future in India.
WeWork's plan to offload stake in Indian unit falls through
WeWork 's strategy to sell its 27% stake in its Indian subsidiary has been unsuccessful, despite receiving approval from the Competition Commission of India (CCI). The deal involved the Embassy Group acquiring WeWork's stake and introducing new investors.
Valuation dispute halts WeWork Inc's plan to exit India after CCI nod
The sale, which involved WeWork Inc, affected by bankruptcy, and its local partner Embassy Group, was set to include a 13 per cent stake sale by Embassy Group in WeWork India
WeWork’s plan to sell stake in India unit collapses; sector revival, valuation issues hit transaction
WeWork Inc.'s plan to sell its 27% stake in its Indian unit has collapsed due to a valuation mismatch, despite regulatory approval. The Embassy Group was supposed to acquire the stake and bring in new investors.
Impacts
58m
Famous Startups Born in New York and Their Global Impact
New York City has long been a hub of innovation, creativity, and entrepreneurial spirit. Over the years, it has given birth ...
10d
WeWork Founder Adam Neumann Brings ‘Conscious Community’ Real Estate Startup To Saudi Arabia
The co-working billionaire has opened a branch of his Andreessen Horowitz-backed co-living startup Flow in Riyadh.
9h
Eximius Ventures and WeWork Labs launch 'The Pre-Seed Playbook'
The guide seeks to provide clarity and support, focusing on the critical pre-seed stage and the importance of organized early ...
Axios
11d
Scoop: WeWork and Christie alum Lauren Fritts to join Hertz as chief communications officer
Hertz Global Holdings has named Lauren Fritts as senior vice president and chief communications officer, the company told ...
Crain's New York
5h
Private school’s default pushes Financial District tower to the brink
Léman Manhattan Preparatory School, the city’s only boarding school, serves families who want their kids to learn and live ...
3d
on MSN
WeWork’s Rs 1,200-crore deal collapses; ETSA Bootstrap Champ winner Boult
Happy Friday! Bankruptcy-hit coworking firm WeWork Inc.’s plan to exit the India unit via a secondary stake sale has fallen ...
13d
on MSN
Downtown Houston landmark secures largest office lease this year
A downtown Houston landmark, Jones on Main, has secured the largest office deal so far this year, signing a tenant to take ...
inc42
3d
WeWork’s India Exit Deal Falls Through Amid Sector Revival
US-based coworking major
WeWork
Inc’s plan to sell its entire stake in Indian unit and exit the country has reportedly ...
3d
on MSN
WeWork Inc’s plans fail to work out
WeWork Inc.'s plan to sell its 27% stake in its Indian unit has collapsed due to a valuation mismatch, despite regulatory ...
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