On the Record · WeWork
WeWork acquisitions, on the record
The businesses WeWork bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
FlatironWord for word“Flatiron, acquired in 2017, was sold in August 2020;” 10-K for 2021 | divestiture | August 2020 | — |
SpaceIQWord for word“SpaceIQ, a workplace management software platform acquired in 2019, was sold in May 2020;” 10-K for 2021 | divestiture | May 2020 | — |
MeetupWord for word“Meetup, a web-based platform that brings people together for face to face interactions acquired in 2017, was sold in March 2020, with the Company retaining a 9% noncontrolling equity interest, accounted for as an equity method investment;” 10-K for 2021 | divestiture | March 2020 | — |
Managed by QWord for word“Managed by Q, a workplace management platform acquired in 2019, was sold in March 2020;” 10-K for 2021 | divestiture | March 2020 | — |
The 424 Fifth Venture real estate investmentWord for word“The 424 Fifth Venture (as defined in "— Liquidity and Capital Resources " below) real estate investment, acquired in 2019, was sold in March 2020; and” 10-K for 2021 | divestiture | March 2020 | — |
TeemWord for word“Teem, a software-as-a-service workplace management solution acquired in 2018, was sold in January 2020.” 10-K for 2021 | divestiture | January 2020 | — |
ConductorWord for word“During the fourth quarter of 2019, we also completed the disposition of Conductor, a search engine optimization and enterprise content marketing solutions software company acquired in 2018, and in 2020 we wound down certain other non-core businesses, including Spacious Technologies Inc. ("Spacious"), Prolific Interactive LLC ("Prolific"), Waltz Inc.” 10-K for 2021 | divestiture | fourth quarter of 2019 | — |
Russia operationsWord for word“The Company has suspended all expansion plans in Russia and is in the process of divesting our operations in Russia.” 10-K for 2021 | divestiture | — | — |
Non-core businesses including Meetup Holdings, Inc. and Managed by Q Inc.Word for word“For example, the Company has divested several non-core businesses, including Meetup Holdings, Inc. ("Meetup"), Managed by Q Inc.” 10-K for 2021 | divestiture | — | — |
Common DeskWord for word“On March 1, 2022, WeWork closed the acquisition of Common Desk, a Dallas-based coworking operator with 23 locations in Texas and North Carolina, that operates a majority of its locations under asset-light management agreements with landlords to minimize operational and capital expenses.” 10-K for 2022 | acquisition | On March 1, 2022 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2019-12-31 | $1.04 billion | — |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | $0 |
| 2022-12-31 | $9 million | $10 million |
Deal filings since 2016
- 2024-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-07-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-11 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-11-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-10-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from WeWork’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-03-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.