Deals
WeWork Is in Talks to Sell Business It Bought 8 Months Ago
- Sustainability and stability are the new priorities at WeWork
- Company may shed more acquisitions to further cut costs
A WeWork co-working office space in London.
Photographer: Bryn Colton/BloombergThis article is for subscribers only.
WeWork is in talks to sell Managed by Q Inc., a business it owned for about eight months, according to people familiar with the matter. The deal may help the troubled office-sharing company raise cash and refocus on its main business.
A group of investors and executives, including Managed by Q co-founder and former Chairman Dan Teran, is trying to buy the business back from WeWork, the people said. Discussions are progressing and WeWork is actively pursuing a resolution, said the people, who asked not to be identified talking about private negotiations.