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WeWork is reportedly in talks to take a 70% stake in WeWork India at $1.9 billion.
According to Bloomberg, the deal would be part cash and part stock that would value the India-based affiliate at $2.75 billion. The terms of the deal have not been finalized, but if it goes ahead it is expected to close as early as August.
WeWork India is a brand franchisee controlled by Buildcon LLP, which is owned by Jitu Virwani — chairman and managing director of Bangalore-based Indian real estate developer Embassy Group — and his son Karan Virwani, who is CEO of WeWork India.
