A $1.1 billion deal that includes WeWork Waterloo, the world's biggest shared workspace, is also under threat.
The collapse of WeWork's IPO scuttled the $112 million sale of a London property leased mostly to the shared-workspace provider, according to Bloomberg. A separate $1.1 billion deal to buy WeWork Waterloo and Shell's headquarters in London is also under threat, Bloomberg said. WeWork shelved its IPO due to a lack of interest from investors, who have questioned the shared-workspace provider's business model and valuation and expressed doubts about CEO Adam Neumann.
The collapse of WeWork's IPO scuttled the $112 million sale of a London property leased mostly to the shared-workspace provider, according to Bloomberg. A separate $1.1 billion deal to buy WeWork Waterloo and Shell's headquarters in London is also under threat, Bloomberg said. WeWork shelved its IPO due to a lack of interest from investors, who have questioned the shared-workspace provider's business model and valuation and expressed doubts about CEO Adam Neumann.
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