The failure of the We Company ’s IPO is likely to result in plans to acquire a majority stake in the firm 's Indian portfolio being delayed until next year , according to livemint , citing two executives familiar with the matter . Earlier this year , WeWork ’s parent agreed to buy a 50 % stake in WeWork securities from Embassy partners in a cash and stock transaction that valued the company at $ 2.75bn .
The postponement of the We Company’s IPO is likely to result in plans to acquire a majority stake in the firm's Indian affiliate being delayed until next year, according to livemint, citing two people familiar with the matter. Earlier this year, WeWork’s parent offered to buy a 70% stake in WeWork India from Embassy Group in a cash and stock deal that valued the company at $2.75bn.