WeWork to buy Common Desk, boosting presence in Texas, North Carolina

  • WeWork (NYSE:WE) will acquire Common Desk, a flexible workspace provider based in Dallas, Texas, that serves 4,000 customers at 23 locations across 13 cities in Texas and North Carolina.
  • WeWork (WE) calls the move its latest step toward cost-efficient, strategic growth. Terms of the deal, which is expected to close in March, weren't disclosed.
  • The company said it was attracted to Common Desk's strategic management agreements with landlords that have enabled the company to perform at strong margins by minimizing capital expenditures.
  • "Common Desk presented itself as a sophisticated operator with a compelling approach to providing a top notch member experience without sacrificing strong margins or an exceptional product," said WeWork (WE) CEO Sandeep Mathrani.
  • Note that in December, WeWork (WE) received an extension on $1.75B of credit commitments.

    • Other stock news
    WeWork to buy Common Desk, boosting presence in Texas, North Carolina
    SoftBank seeks to sell $550M of WeWork rescue debt
    Sector news
    Analysts expect over 2024 shrinking sales Delivery Hero
    Analysts expect over 2023 revenue decrease Basic-Fit
    Analysts: less sales Stericycle
    Ibersol now in top highest dividend yields in Portugal
    Analysts foresee record year for Agilent Technologies
    WeWork to buy Common Desk, boosting presence in Texas, North Carolina
    SoftBank seeks to sell $550M of WeWork rescue debt
    National news
    NXP reaps benefits from FRAMOS collaboration
    Tesla net onder de 500.000 cars per year
    Analysts expect over 2024 revenue decrease Caterpillar
    Analysts expect sales decline Biogen
    Analysts anticipate for 2024 on revenue increase Cognizant
    Analysts expect over 2024 growing sales Colgate-Palmolive
    Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend
    Press news
    Test News
    MONTH-END PORTFOLIO DATA NOW AVAILABLE FOR ARES DYNAMIC CREDIT ALLOCATION FUND, INC.
    Avolta wins new ten-year contract, adds Manaus Airport to Brazil portfolio
    Carbeeza Inc. Announces Resignation of 2 Members of the Board
    Travere Therapeutics to Present at Upcoming Investor Conferences
    Tempest to Participate in the Piper Sandler 36th Annual Healthcare Conference
    Churchill Resources Closing of Second and Final Tranche of $2M Private Placement
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo