Virwani and his team are scheduled to meet WeWork and its co-founder in the third week of this month to discuss a potential $1-billion deal, they added. WeWork is reportedly in talks with Embassy Group over a potential $ 1bn deal to take a 50 % stake in their Indian joint venture . The co - workspace operator wants to take back control before the proposed deal expires in 2021 . Real estate developer Embassy has 18 co - working sites in 17 locations in India comprising 35,000 desks , which it plans to expand to India by the end of this year , two years ahead of schedule . That would potentially double the size of Embassy India . WeWork may be seeking ownership before the price increases and the companies are due to meet in the third week of January .
WeWork is reportedly in talks with Embassy Group over a potential $ 1bn deal to take a 50 % stake in their Indian joint venture . The co - workspace operator wants to take back control before the proposed deal expires in 2021 . Real estate developer Embassy has 18 co - working sites in 17 locations in India comprising 35,000 desks , which it plans to expand to India by the end of this year , two years ahead of schedule . That would potentially double the size of Embassy India . WeWork may be seeking ownership before the price increases and the companies are due to meet in the third week of January .