WeWork continues its acquisition spree, paying $400 million for the Chinese co-working company Naked Hub. Most of the acquisition price will be paid in shares, Bloomberg reported. Naked Hub was founded by Shanghai-based luxury resort operator Naked Group in 2015 and has 46 locations across Asia. In January, Naked Hub bought a 70 percent stake in the Australian co-working company Gravity, according to China Money Network. WeWork began expanding into China in 2016, initially without […]
source https://therealdeal.com/2018/04/11/wework-buys-chinese-co-working-company-for-400m/
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