May 22, 2024
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Yardi to become WeWork’s majority owner if $450M plan is approved

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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…

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