WeWork Completed Sales of Teem and Minority Stake in The Wing
NEW YORK, 23rd Jan 2020--WeWork, the world’s leading co-working space announced that it has completed the sales of Teem and its minority stake in The Wing.
The successful divestitures follow the December sale of Conductor and are part of WeWork’s strategy to focus on its core workspace business.
“Last quarter, we articulated a long-term plan for disciplined growth and a clear path to profitability, and we continue to execute on this plan each day,” said co-CEO Artie Minson. “These sales mark the latest progress in WeWork’s evolution and allow our talented team to focus on the core business and delivering an exceptional experience for our members.”
WeWork’s minority equity stake in The Wing, a network of work and community spaces designed for women, was acquired by a consortium o...