WeWork is in talks with Cushman & Wakefield to form a partnership ahead of the coworking company’s merger deal with special purpose acquisition company (SPAC) BowX Acquisition.
The deal would see the two entities coming together in a $150 million partnership that would help build on the growing demand for flexible workspaces.
This also means Cushman would be investing into the merger that is finally taking WeWork public later this year.
However, this isn’t the first deal of this type to have emerged over the past several months. Recently, CBRE bought a 35% stake in flexible office operator Industrious and Newmark has received permission to purchase bankrupt Knotel.
Ironically, during WeWork’s Adam Neumann-era, the company considered acquiring Cushman & Wakefield prior to its fall from grace over its failed IPO attempt.