WeWork offloads non-core business Teem, pares stake in The Wing

WeWork offloads non-core business Teem, pares stake in The Wing

Photo by Charles Koh on Unsplash

Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core businesses after a botched initial public offering last year.

WeWork also sold a minority stake in The Wing, a community space provider designed for women, to a group of new investors including Google Ventures and American actress Mindy Kaling. Existing investor Sequioa Capital also participated.

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