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Rentberry Eyes WeWork Acquisition After Securing Significant New Investment

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In court filings, WeWork is stressing its business restructuring and the renegotiation of lease agreements to alleviate unsustainable rent expenses. Since filing for chapter 11 bankruptcy, WeWork has assumed 21 leases and rejected 93. million loss in January.

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WeWork Resolves Landlord Concerns for Payments

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WeWork seems to have sorted out some of the concerns raised in landlord objections to its bankruptcy financing agreement. According to a report published by Reuters , the agreement, approved by U.S. The stacked challenges proved to be too steep, leading the company to file for Chapter 11 Bankruptcy in New Jersey on Nov.

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