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WeWork London Building Deals Falter Amid IPO Market Fallout

  • Talks said to stall on sale of WeWork Waterloo to Bright Ruby
  • Saudi investors said to pull out of deal to buy 70 Wilson St.
WeWork To Adjust Corporate Governance, Valuation Ahead Of IPO
Photographer: Drew Angerer/Getty Images
Updated on

Deals for two major London buildings leased mostly to WeWork are on the ropes.

Saudi Arabia-based Sidra Capital has pulled out of a 90 million-pound ($112 million) deal as the flexible-office giant’s planned initial public offering got an increasingly rocky reception from investors, according to people familiar with the matter, who asked not to be identified discussing private negotiations.