New York-based office space and workspace solutions company WeWork Cos. is holding discussions to acquire majority control of its Indian subsidiary, WeWork India.
WeWork Cos. intends to buy at least 70 percent of WeWork India from Buildcon LLP.
The $1.9 billion cash and stock transaction is expected to value WeWork India at approximately $2.75 billion.
More so, WeWork anticipates the acquisition to be completed as early as August.