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

Business Development Manager

Wefunder

San Francisco, United States

Full Time

USD 75000 — USD 90000 yearly

Product Manager

UpCodes

San Francisco, United States

Full Time

USD 120 — USD 185 yearly

Head of Threat Intelligence

PromptArmor

United States

Full Time

USD 100000 — USD 150000 yearly

🚀 Founding Full Stack Software Engineer 🚀

Apriora

San Francisco, United States

Full Time

USD 70000 — USD 200000 yearly

User Onboarding Specialist (part-time)

Fern

New York, United States

Contract

USD 20 — USD 30 yearly

Android Engineer

Whatnot

Los Angeles, CA, United States

Full Time

USD 178000 — USD 235000 yearly

Data Pipeline Engineer

Koko

Palo Alto, United States

Full Time

USD 130000 — USD 170000 yearly

Technical Customer Success Manager

Seam

San Francisco, United States

Full Time

USD 110000 — USD 140000 yearly

Software Engineer - R&D (Graphics & Computer Vision)

Illuminant Surgical

Culver City, CA, United States

Full Time

USD 90000 — USD 110000 yearly

Founding VP of Engineering

Artisan AI

San Francisco, United States

Full Time

USD 120000 — USD 200000 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 - 2024 BEAMSTART. All Rights Reserved (Legal).