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WeWork Asks Landlords to Help It Cut Its Rent Bill by Up to 30%

  • Firm is contacting owners of buildings in which it’s a tenant
  • It’s pitching solutions including revenue-sharing agreements
A WeWork co-working office space in London. 

A WeWork co-working office space in London. 

Photographer: Bryn Colton/Bloomberg

WeWork is in discussions with its biggest landlords globally as the co-working giant aims to slash as much as 30% from its copious load of rent liabilities, according to people with knowledge of the talks.

WeWork Chief Executive Officer Sandeep Mathrani has been contacting the largest owners of buildings in which the New York-based company is a tenant, and pitching solutions including revenue-sharing agreements, the people said, asking not to be identified as the talks are private.