Rentberry, a San Francisco-based provider of technology-driven property rental and management services, has announced plans to explore the acquisition of WeWork. The coworking giant recently filed for Chapter 11 bankruptcy. This strategic move is backed by key venture capital funds such as Berkeley Hills Capital and aims to synergize WeWork’s coworking spaces with Rentberry’s Flexible Living concept.
According to RentBerry, this collaboration will create a global network of spaces that cater to the needs of today’s professionals who lead dynamic and mobile lifestyles. The company stated that it is working with PJT Partners, WeWork’s advisors, in submitting the acquisition offer during the week of February 19th. More details will be shared as the acquisition process progresses.
The announcement marks an exciting development for both companies as they work towards creating innovative solutions in their respective industries.
