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WE / WeWork stock bounces back above the $1 mark after debt cancelling, liquidity boost agreements with investors

WeWork stock bounces back above the $1 mark after debt cancelling, liquidity boost agreements with investors
Shares of WeWork Inc. WE, +2.29% jumped 3.3% to trade back above the $1 mark in morning trading Friday, after the flexible work space provider announced agreements a group of investors that includes most of its bondholders to reduce debt and bolster liquidity. The “ad hoc” group includes Softbank Corp.'s SOBKY, -0.35% 9434, +0.75% Vision Fund II, a third-party investor and a group representing more than 60% of its public bonds. Read More
Posted: Mar 17 2023, 09:49
Author Name: Market Watch
Views: 110224

WE News  

WeWork Bankruptcy Would Deal Another Blow to Ailing N.Y. Office Market

By NYTimes
November 4, 2023

WeWork Bankruptcy Would Deal Another Blow to Ailing N.Y. Office Market

The fallout would be particularly hard for landlords already struggling with piling debt and companies scaling back their office footprint. more_horizontal

Analysis: WeWork's troubles darken outlook for embattled office market

By Reuters
November 3, 2023

Analysis: WeWork's troubles darken outlook for embattled office market

The troubles faced by co-working titan WeWork are darkening the outlook for the world's largest business hubs, where rising office vacancies are alrea more_horizontal

WeWork: When Do We Crash?

By Seeking Alpha
November 2, 2023

WeWork: When Do We Crash?

WeWork may file for bankruptcy as early as next week, following a 92% crash in its stock. Bankruptcy could be a good thing for stakeholders like emplo more_horizontal

The definitive account of how WeWork went from a $47 billion valuation to a basket case in just 6 weeks

By Business Insider
November 2, 2023

The definitive account of how WeWork went from a $47 billion valuation to a basket case in just 6 weeks

WeWork is reportedly close to filing for bankruptcy.  A filing would mark the culmination of one of the most stunning startup failures of all time. more_horizontal

S&P says sharing office space giant WeWork in 'selective default'

By TechXplore
November 2, 2023

S&P says sharing office space giant WeWork in 'selective default'

Embattled flexible workspace provider WeWork is in "selective default" after failing to meet conditions set by debt holders, ratings agency S&P said W more_horizontal

WeWork bankruptcy likely to come ‘sooner than later,' says Creditsafe

By Market Watch
November 1, 2023

WeWork bankruptcy likely to come ‘sooner than later,' says Creditsafe

WeWork Inc.'s high negative debt-to-equity ratio suggests that the troubled co-working-space provider's bankruptcy is looming, according to credit-mon more_horizontal

WeWork bankruptcy: One of the biggest startup failures of all time, and venture capitalists haven't learned a thing.

By Business Insider
November 1, 2023

WeWork bankruptcy: One of the biggest startup failures of all time, and venture capitalists haven't learned a thing.

WeWork could file for bankruptcy protection from creditors next week, WSJ reported.  WeWork, backed by Softbank and other top VC firms, was once wort more_horizontal

WeWork Shares Fall to All-Time Low Following Reports of a Possible Bankruptcy Filing

By Investopedia
November 1, 2023

WeWork Shares Fall to All-Time Low Following Reports of a Possible Bankruptcy Filing

WeWork (WE) shares lost about half their value in intraday trading Wednesday following reports the flexible office space provider could file for bankr more_horizontal


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