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The Failed Deal that Led to WeWork’s Downfall

The Failed Deal that Led to WeWork’s Downfall

FromThe Closer: Deals Change the World


The Failed Deal that Led to WeWork’s Downfall

FromThe Closer: Deals Change the World

ratings:
Length:
38 minutes
Released:
Nov 20, 2023
Format:
Podcast episode

Description

Once a “unicorn”, WeWork has filed for bankruptcy. The co-working company was once valued at $47 billion, but it’s had a rocky few years, including a failed IPO (it later went public through a special purpose acquisition company) and was battered by the pandemic. But what set WeWork on this falling-from-grace path can be traced back to a failed deal between co-founder Adam Neumann and SoftBank’s Masayoshi Son at the end of 2018. This is the story of Project Fortitude. This episode originally aired on February 13, 2023.

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For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds.
Released:
Nov 20, 2023
Format:
Podcast episode

Titles in the series (39)

The Closer brings you the inside story of deals changing the world, as told by the people who know how it all went down. Understand the human motivations behind groundbreaking business decisions, and learn dealmaking lessons through a deep dive into one deal each week, with host Aimee Keane. The Closer is a Project Brazen production. For more thrilling storytelling, search for the Brazen channel on Apple Podcasts or visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works. From landmark business deals to international espionage and organised crime, we’ll take you inside stories from hidden worlds. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus to and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts. For the latest from Brazen delivered straight to your inbox, subscribe to our newsletters at brazen.fm/newsletters.