WeWork Inc. (NYSE:WE). acquired Common Desk, LLC for $22.9 million.
WeWork Inc. (NYSE:WE) completed the acquisition of Common Desk, LLC for $22.9 million on March 2022. WeWork transferred to the owners of Common Desk $10 million in cash and $3 million fair value of 489,071 shares of its Class A common stock of the Company. The remaining consideration included a holdback of $3 million payable in cash and contingent consideration payable in 760,969 shares of Class A common stock with a fair value of $5 million at closing. The cash and cash equivalents of Common Desk amounted to $1 million.