News Formal

WeWork offloads non-core business Teem, stake in The Wing

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider ...

Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core businesses after a botched initial public offering last year.

WeWork also sold a minority stake in The Wing, a community space provider designed for women, to a group of new investors including Google Ventures and American actress Mindy Kaling. Existing investor Sequioa Capital also participated.The money-losing office space operator is under pressure to cut costs after it pulled its IPO last year and recorded a steep plunge in valuation to less than US$8 billion from US$47 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber cuts losses from Eats business in India with sale to ZomatoUber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99per cent stake in the startup backed by ... They are not profitable in India?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »