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WeWork Drops Plans to Rent Dublin Office Space

  • Parent company withdrew its planned initial public offering
  • WeWork was once expected to be second-biggest IPO this year
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WeWork pulled out of a deal to rent space in a Dublin office block, according to people familiar with the matter.

The company had been in talks to take space at Central Quay, an office block in Dublin’s docklands controlled by Hibernia REIT, but that deal won’t take place now, according to the people, who asked not to be identified because the information is private. The negotiations fell apart because of specific factors about the building, and other deals in Dublin are still going ahead, one of the people said.