WeWork Agrees to SPAC Deal That Would Take Startup Public

Planned merger with the BowX Acquisition would value WeWork at $9 billion including debt

WeWork has agreed to merge with a special-purpose acquisition company in a deal that would take the shared-office provider public nearly two years after its high-profile failure to launch a traditional IPO.

The planned merger with the BowX Acquisition Corp. SPAC values WeWork at $9 billion including debt, the companies announced Friday, confirming an earlier Wall Street Journal report. As part of the deal, WeWork would raise $1.3 billion, including $800 million in what is called a private investment in public equity, or PIPE, from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others…

Photographer: Nick Tortajada