Business
WeWork: flexible SPAC-e fuels a comeback – The Australian Financial Review
WeWork expects occupancy to recover to rise to 90 per cent in 2022. That looks like typical ebullience.
Just 18 months ago, WeWork, the US office sharing company, appeared to be on the brink of collapse. Once one of Americas most valuable start-ups, with a $US47 billion ($60.6 billion) valuation, WeWork had become a byword for folly and excess. It narrowly averted running out of money when backer SoftBank bailed it out.
The mania for special purpose acquisition companies means WeWork now has a second shot at a listing. It has begun talks with BowX Acquisition, a SPAC (special purpose acquisition company),…
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