October
- Opinion
- Chanticleer
Why OpenAI’s $228b deal has a bubble-like feel
The ChatGPT creator’s record-breaking fundraising deal reunites a cast of investors who helped to spark the tech bubble of 2019 to 2022. Have the lessons been learnt?
- James Thomson
September
Auditors warn WeWork hubs face ‘uncertainty’
Even though the co-working giant’s US parent has emerged from bankruptcy with considerably less debt, its local loss-making operation faces “significant doubt”, its auditors say.
- Nick Lenaghan
June
WeWork has emerged from bankruptcy. What’s next?
The company’s re-emergence from bankruptcy arrives at a time when demand for office space remains weak overall.
- Wyatte Grantham-Philips
May
WeWork’s no-drama new owner pitches turnaround
Low-profile software tycoon Anant Yardi sees “tremendous opportunity” in the co-working business after a turbulent bankruptcy.
- Amelia Pollard and Sujeet Indap
Co-working is moving to the suburbs
With hybrid work the new norm, the industry is betting on sedate suburban and small-town locations where employees of big companies go to escape their homes.
- Justin Fox
April
WeWork cuts new restructuring deal that spurns Adam Neumann
If approved, a restructuring deal will allow the fallen co-working giant exit bankruptcy with less debt and a leaner, less expensive lease portfolio.
- Jonathan Randles and Steven Church
WeWork predicts $12b in rent savings after bankruptcy ends
The co-working company’s plan to reduce its real estate comes as it separately fields an offer by Adam Neumann to buy back the company he co-founded.
- Steven Church and Natalie Wong
Adam Neumann and partners offer more than $766m for WeWork
The bid adds another dramatic chapter to the saga of the co-working firm and its charismatic founder, the subject of books, podcasts, a television series and a movie.
- Hannah Miller and Crystal Tse
February
Adam Neumann, Dan Loeb’s Third Point plot bid for WeWork
The entrepreneur says he is partnering with the hedge fund for the entire company or its assets, according to a letter sent to WeWork’s lawyers.
- Updated
- Ortenca Aliaj and Eric Platt
January
Hub operators step up for 2024 after WeWork buckles
Hub Australia is going big with its CBD offerings to compete with major landlords such as Dexus, while others are focusing on the suburbs for safer returns.
- Campbell Kwan
December 2023
Workspace company BE Offices collapses in pandemic aftermath
The London-based office provider entered an administration application, the latest flexible workspace business to fold.
- Sabah Meddings, Lucca de Paoli and Jack Sidders
November 2023
WeWork landlords push back as rent talks heat up
The embattled coworking company must argue its need for rent cuts and other concessions but not push so aggressively that landlords walk away.
- Eliza Ronalds-Hannon, Amelia Pollard and Reshmi Basu
Loan to London building that WeWork rents is for sale at discount
The sale of the loan exposes the fault lines created by soaring interest rates, the steep costs of renovating older buildings and WeWork’s bankruptcy.
- Irene García Pérez, Lucca de Paoli and Libby Cherry
What WeWork’s failure tells us about beanbags in offices
The pandemic burst the illusion that people want to live at work and most companies now have a hybrid work policy, with employees coming to the office far less.
- Pravina Rudra
WeWork’s implosion: What now for flexible working?
As the office space group navigates Chapter 11 protection, rivals must also face down threats from tech and hybrid working.
- Joshua Oliver
- Opinion
- Commercial real estate
WeWork might just work now it has a new chance to succeed
A good idea was saddled with tens of billions of dollars in lease liabilities. But after the firm declared bankruptcy, it may rise from the ashes. Here’s why.
- Chris Bryant
WeWork’s bankruptcy caps swift downfall for $US47 billion standout
From behemoth to bankruptcy, it’s been a wild ride for a start-up sometimes battered by forces outside its control – lockdowns and a slow return to offices.
- Amelia Pollard, Ellen Huet and Ethan M Steinberg
WeWork saga cost Son $18b – and his credibility
The fall of WeWork has shattered the Japanese billionaire’s standing as a shrewd investor with a legendary VC record.
- Min Jeong Lee
WeWork pledges to keep doors open at local hubs, but cut space
WeWork’s US bankruptcy filing is the latest move in its efforts to stay afloat as it juggles heavy debt and rental obligations with weakening demand for office space.
- Nick Lenaghan
WeWork to enter Chapter 11 bankruptcy as soon as next week
The co-working company will seek court protection in New Jersey while it works out a plan to repay its debts, and perhaps abandon some leases.
- Reshmi Basu and Amelia Pollard