Deals

WeWork Is Weighing the Sale of Its Stake in the Wing

New York startup owns 23% of smaller female-focused rival
Sequoia Capital led a 2018 fundraising round in the Wing

The Wing’s co-working space in New York’s SoHo neighborhood.Photographer: Hilary Swift/The New York Times via Redux

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By Gillian Tan

October 1, 2019 at 1:48 PM UTC

This article is for subscribers only.

WeWork is exploring the sale of its minority stake in the Wing, a female-focused co-working startup, according to people familiar with the matter.

The Wing, both a WeWork competitor as well as one of its investments, is known for its mission of women’s empowerment, member events such as female-led film screenings and discussions with high-profile female leaders including Shonda Rhimes and Hillary Clinton.