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What will be the total equity value of WeWork by end of 2024?
5
Resolution / Starting Odds
Below $100 million • 25%
Between $100 million and $300 million • 25%
Between $300 million and $500 million • 25%
Above $500 million • 25%
WeWork financial statements, SEC filings, or major financial news outlets
Story
WeWork Strikes $450M Restructuring Deal, Excludes Co-Founder Neumann
Apr 29, 2024, 03:46 PM
WeWork, once valued at $47 billion, has struck a restructuring deal to exit bankruptcy, excluding co-founder Adam Neumann from the plan. The deal involves a $450 million debtor-in-possession (DIP) financing, which will consume 80% of the post-reorganization equity, leaving approximately $200 million in equity. This agreement, supported by major financial backers including SoftBank, rejects a competing bid from Neumann, who has actively sought to buy the company out of bankruptcy. As part of its restructuring, WeWork also plans to close its corporate headquarters at Kato International's Tower 49.
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Existing investors like SoftBank • 33%
New private investors • 33%
Public market funding • 34%
Expansion in existing markets • 25%
Consolidation of current assets • 25%
Diversification into new business areas • 25%
Cost reduction and efficiency improvements • 25%
Co-working spaces • 25%
Real estate technology • 25%
Virtual office solutions • 25%
Other diversification • 25%
Expanded • 25%
Maintained • 25%
Reduced • 25%
Eliminated • 25%
Retained and operational • 33%
Sold to another company • 33%
Dissolved • 34%