IWG has acquired a majority stake in the co-working space provider just weeks after GV bought the shares held by WeWork.
Serviced offices provider IWG has taken a majority stake in The Wing, a US-based female-only members club whose shareholders also include internet technology conglomerate Alphabet, Bloomberg reported on Thursday.
Financial terms of the transaction have not been disclosed and it is unclear how large IWG’s stake is.
The Wing was reportedly valued at approximately $165m last month, when Alphabet unit GV purchased the 23% shareholding previously held by co-working spaces operator WeWork. An earlier report from November 2019,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
