The merger makes the combined platform the leading aggregator for flexible workspace, extending access to coworking on a global scale.
Due to growing demand for the hybrid work model in a post-pandemic environment, the London-listed company will open 1,000 new spaces in 2022.
Venture X has hired United Franchise Group veteran Michael White to help the company capitalize on the escalating trend in coworking.
New Lab at the former Xerox Tower is the fifth for the national operator in its headquarters state of New York.
The Instant Group’s newly enhanced marketplace will serve over 250K businesses in 175 countries, operating 24/7 through an integrated platform.
The India-based coworking company is planning on doubling its portfolio by adding over 60,000 seats to its spaces in 2022.
In 2021, IWG doubled the number of franchise partners, with new franchise location commitments increasing from 67 in 2020 to 150 last year.
The agreement between WeWork and SoftBank resulted in an extension of $1.75 billion of total liquidity from February 2023 to February 2024.
On Wednesday, WeWork said it has to revise its Q3 financial statements after discovering that it misclassified some of its public shares.
The company announced that it will assist a minority-owned business with a $5,000 grant and annual coworking membership.