WeWork India, a local franchise of co-working space operator We Company that is backed by Embassy, is set to sell a 70% stake for a $1.9bn in cash and shares.

US-based co-working space provider We Company is considering paying $1.9bn to acquire a 70% stake in its Indian affiliate WeWork India, which is backed by property developer Embassy Group, Bloomberg reported today. The deal would value WeWork India at $2.75bn and would comprise an unspecified ratio of stock and cash. It is expected to close…

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