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WeWork grants franchise rights to Ampa Group for expansion in Israel

By Soujanya on April 28, 2021 General business news

WeWork, the American commercial real estate developer known for providing flexible workspace solutions, has announced a strategic move in its international operations by granting exclusive franchise rights to the Israeli real estate firm, Ampa Group. This agreement marks a significant milestone in the relationship between the two companies, which dates back to 2014 when WeWork […]

Workspace provider WeWork to merge with BowX Acquisition in $9bn deal

By Pallavi Madhiraju on March 28, 2021 General business news

WeWork SPAC merger : New York-based office space and workspace solutions provider WeWork has agreed to merge with BowX Acquisition, a special purpose acquisition company (SPAC), in a deal that values the former at around $9 billion. The merger will enable WeWork to become a publicly listed company, while getting nearly $1.3 billion of cash […]