Deals

WeWork Sells Its Stake in Women-Focused Co-Working Startup the Wing

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

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By Nikitha Sattiraju

January 22, 2020 at 5:59 PM UTC

Updated on

January 22, 2020 at 7:09 PM UTC

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WeWork has sold its minority stake in the female-focused co-working startup the Wing, part of parent company We Co.’s efforts to re-focus on its main office-sharing business.

The company had been exploring the sale since last year, Bloomberg previously reported, following the theatrical dissolution of its plans for an initial public offering and the ouster of its chief executive officer, Adam Neumann.