WeWork Bets On Post-COVID Co-Working In $9B SPAC Deal

By Andrew McIntyre (March 26, 2021, 11:43 AM EDT) -- Skadden-led WeWork said Friday it aims to finally make its public debut by merging with a blank-check company at a $9 billion valuation, a move that comes after a botched initial public offering attempt and that highlights the company's belief that a need for flexible office space will outlive the pandemic.

WeWork, which said Friday that it plans to go public at a value of $9 billion, previously botched its initial public offering 18 months earlier. (AP Photo/Mark Lennihan) The office space provider is combining with Nasdaq-listed BowX Acquisition Corp. and through that merger will be publicly traded. With the merger,...

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