Yardi to become WeWork’s majority owner if $450M plan is approved
IN THIS ARTICLE
- Central Coast Topic
- Jorge Mercado Author
By Jorge Mercado Tuesday, April 30th, 2024
Santa Barbara-based Yardi Systems is set to become the majority shareholder of the troubled co-working space operator, WeWork, according to a new restructuring deal that would help WeWork emerge from Chapter 11 Bankruptcy. In the new restructuring plan detailed April 29, WeWork announced that it will shed the entirety of its $4 billion in debt…