There are only a few quality players like Cowrks and Awfis who can really give them any competition. WeWork is reportedly in talks with Embassy Group over a potential $ 1bn deal to take a at least 51% stake in their Indian joint venture. The co-workspace operator wants to take back control before the licensing deal expires in 2021 . Real estate developer Embassy has built co-working sites in 17 locations in India comprising 90,000 desks, which it plans to expand to 35,000 by 2021 , two years ahead of schedule. That would potentially double the value of WeWork India . WeWork may be seeking ownership before the valuation increases and the companies are due to meet in two years ahead .
WeWork is reportedly in talks with Embassy Group over a potential $ 1bn deal to take a at least 51% stake in their Indian joint venture.The co-workspace operator wants to take back control before the licensing deal expires in 2021 . Real estate developer Embassy has built co-working sites in 17 locations in India comprising 90,000 desks, which it plans to expand to 35,000 by 2021 , two years ahead of schedule. That would potentially double the value of WeWork India . WeWork may be seeking ownership before the valuation increases and the companies are due to meet in two years ahead .