For now, Tencent is taking up one floor, or about half of a 56,000-square-foot (5,203-square-metre) flexible working space, in the tower. The Shenzhen-based firm may eventually move staff from another co-working centre at nearby CapitaSpring tower when the lease ends into the new space, the people said. CapitaSky is prominently located at the junction of … Read more
Adam Neumann submitted a bid to buy back WeWork for more than $500 million, the Wall Street Journal reported Monday citing people with knowledge of the matter. It was not immediately clear how Neumann would finance the acquisition, the report added. Ex-WeWork CEO Adam Neumann submitted a bid for the company for more than $500 million, … Read more
Adam Neumann, WeWork’s disgraced billionaire founder, has reportedly spent the past several months trying to buy back the bankrupt co-working giant after being ousted as its CEO five years ago. A team of lawyers led by Alex Spiro of Quinn Emanuel — who also represents Elon Musk and Jay-Z — penned a letter earlier reported … Read more
