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WeWork logo is seen outside its offices in San Francisco (Reuters)
Once a dazzling
'unicorn' valued at $47 billion, WeWork began to unravel as the firm lost cash
and cancelled a planned 2019 share offering, with the ex-CEO pushed out --
albeit with a generous package.
WeWork announced
on Friday it plans to enter public markets through a merger transaction that
raises $1.3 billion, valuing the office-sharing firm at a fraction of the sum
discussed in its unsuccessful pre-pandemic effort to go public.
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