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, Embassy Group’s parent offered to buy a 70% stake in Embassy Group India from WeWork in a cash and stock deal 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.