WeWork is selling control of its China business to investment firm Trustbridge Partners as part of the co-working giant’s effort to turn around its business, Bloomberg and other media outlets reported. On Wednesday, WeWork announced a $200 million investment in WeWork China led by Trustbridge, one of the Chinese unit’s existing shareholders. As a result of the investment, Trustbridge now owns a...
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Andreessen Horowitz Values Clubhouse at $4 Billion With DST, Tiger
Andreessen Horowitz is valuing the social media app Clubhouse at $4 billion in a round of financing with new investors DST Global and Tiger Global Management, according to a person familiar with the matter. The round triples Clubhouse’s valuation from January, in a deal Andreessen Horowitz also led, and comes as rivals Twitter and Spotify roll out their own audio chat features. It...
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