WeWork To Sell Conductor SEO Company, Faces Looming Financial Crisis.

Conductor and two other WeWork acquisitions are said to be up for sale after WeWork’s aborted IPO filing.


Norshafa Wati

30 Sep, 2019

WeWork To Sell Conductor SEO Company, Faces Looming Financial Crisis. | BEAMSTART News

- From our Sponsors -

Earlier this month WeWork delayed its initial public offering (ipo) after it became clear that it has only enough cash to last until next spring and losing $1.4bn in the first half of this year - clearly under pressure to raise cash.

Following the real-estate company’s mismanaged IPO filing and immediately on the heels of the resignation of former WeWork CEO Adam Neumann, Conductor and two other WeWork acquisitions, Meetup and Managed by Q, are now up for sale as it looks to raise cash and cut costs.

WeWork CEO, Adam Neumann

Multiple potential buyers have reportedly expressed interest in the properties and the sales is said to be aiming to complete by early next year.

Meanwhile, SoftBank Group Corp.’s CEO Masayoshi Son businesses had more than $10 billion riding on the company in the form of stock and loans as well as taking a 29% stake, but now is worth about a quarter of the price SoftBank paid in January.

SoftBank Group Corp.’s CEO, Masayoshi Son

Privately valued at $47 billion after its most recent fundraising round, the public valuation of WeWork is now slashed to as low as $10 billion.

- From our Sponsors -

Latest Jobs

Product Engineer (US)

Cekura

California,

Full Time

USD 100000 — USD 180000 yearly

Account Executive, AI SaaS

Asha Health

New York,

Full Time

USD 150000 — USD 350000 yearly

Senior Frontend Engineer

GovEagle

New York,

Full Time

USD 120000 — USD 200000 yearly

Senior Geospatial Data Scientist

KorrAI

Ontario,

Full Time

USD 75000 — USD 85000 yearly

Product Designer

Alex

California,

Full Time

USD 110000 — USD 170000 yearly

AI Product Focus - Senior Full Stack / Rails Engineer (Boston)

Yuma AI

Massachusetts,

Full Time

USD 1 — USD 150000 yearly

Senior Machine Learning Engineer

Provision

Ontario,

Full Time

USD 140000 — USD 300000 yearly

Founding Sales

Venta AI

Bavaria,

Full Time

USD 50 — USD 80 yearly

Sales Development Representative

VetRec

Full Time

USD 55000 — USD 70000 yearly

Technical Account Manager

Domu Technology Inc.

California,

Full Time

USD 75000 — USD 90000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).