WeWork to Become Publicly Traded Via SPAC Merger with BowX Acquisition Corp.

WeWork, the leading flexible space provider, and BowX Acquisition Corp., a special purpose acquisition company, announced today that they have entered into a definitive merger agreement, providing for a business combination that will result in WeWork becoming a publicly listed company. The transaction values WeWork at an initial enterprise value of approximately $9 billion. The transaction will provide WeWork with approximately $1.3 billion of cash which will enable the company to fund its growth plans into the future.

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