WeWork to acquire Singapore's VC-backed Spacemob
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea.
Two weeks ago, the company raised $500 million from a Hony Capital and SoftBank-led consortium to set up a dedicated Chinese unit. Prior to that, WeWork formed a joint venture with SoftBank to grow its...
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