WeWork sells Managed by Q to rival startup at 90% discount

WeWork has sold a facilities management company for nearly $200 million below what it paid less than a year ago. The deal puts an end to a lengthy bidding war for the company. Managed by Q was bought by rival startup Eden for $25 million, according to people familiar with the transaction. It’s a far cry from the amount WeWork paid for the firm last April, a $220 million cash and stock deal that included

source https://therealdeal.com/2020/03/03/wework-sells-managed-by-q-to-rival-startup-at-90-discount/