A Temasek representative declined to comment when contacted by Bloomberg, while representatives for WeWork were not immediately available for comment. Li Shujun, the founder of Trustbridge, didn’t immediately respond to an emailed query.
(Jan 17): Temasek Holdings and Trustbridge Partners have held discussions to buy a majority stake in WeWork’s Chinese business, Reuters cited unidentified people as saying.
The pair submitted a takeover proposal to WeWork-backer SoftBank Group Corp at the end of 2019 that would value the Chinese unit at about US$1 billion ($1.3 billion), Reuters reported. But the discussions are at an early stage and a deal wasn’t certain, it added.
