- Shared-office provider plans merger with BowX Acquisition
- Deal values WeWork at $9bn, down from $47bn in 2019
Troubled shared-office provider WeWork is set to merge with a special-purpose acquisition company two years after its plans to go public ended in spectacular disarray.
The planned merger with BowX Acquisition, a publicly listed investment vehicle, values WeWork at $9bn including debt, a far cry from the $47bn WeWork was valued at in a private round of financing from SoftBank Group in 2019.
