Deals
WeWork to Pump $500 Million Into Southeast Asia, South Korea
- WeWork enters Southeast Asia with acquisition of Spacemob
- Spacemob CEO named WeWork managing director of Southeast Asia
TECHnalysis Research President Robert O'Donnell and Bloomberg’s Selina Wang discuss WeWork’s arrival on the Southeast Asian scene with the acquisition of Singapore-based co-working company Spacemob. They speak with Emily Chang on “Bloomberg Technology.” (Source: Bloomberg)
This article is for subscribers only.
WeWork Cos., the world’s largest provider of shared work spaces, will invest $500 million in Southeast Asia and South Korea, as the New York-based company steps up its expansion in global markets.
As part of the effort, WeWork will acquire Spacemob, a Singapore-based co-working startup founded in early 2016 by entrepreneur Turochas “T” Fuad and backed by Vertex Ventures and Alpha JWC Ventures. WeWork declined to disclose the value of the deal.