'Having gotten so involved in this, the core of the business is a really, really good business,' WeWork advisor Peter Weinberg says.
it was poised to continue its global growth, with a value at $47 billion, and make its public debut. However, in August, WeWork revealed a $900 million loss in its prospectus; pulled its initial public offering after concerns about a failing valuation and its corporate governance structure; and fired its CEO and top stakeholder Adam Neumann.
Shortly after Neumann stepped down, Weinberg said WeWork's special committee of the board brought on his Perella Weinberg Partners in late September to find a "financial solution."
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