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WeWork gets $150 million investment from real estate services firm Cushman & Wakefield

October 29, 2021

Real estate services company Cushman & Wakefield (NYSE:CWK) said on Friday it had invested $150 million in WeWork Inc, days after the office-sharing firm started trading on the New York Stock Exchange following a merger with a blank-check company.

As part of the investment, Cushman & Wakefield’s Chief Investment Officer Nathaniel Robinson will join WeWork’s board as an observer.

Backed by Japanese investment giant SoftBank Group Corp and once considered a prized bet for the conglomerate’s chief Masayoshi Son, WeWork saw a plunge in its valuation due to concerns over its corporate governance and heavy losses.