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Friday, May 10, 2024

Gym Membership App Compass Loads Up WeWork With Employees

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Gym Membership App Compass Loads Up WeWork With Employees
Gym Membership App Compass Loads Up WeWork With Employees

WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York.

It's the latest example of the U.S. office-sharing start-up’s majority owner, SoftBank Group Corp, using its connections to buoy its business.

Reuters reports SoftBank is also a minority investor in Gympass.

SoftBank is hoping this network of portfolio companies will help its attempted turnaround of WeWork.

SoftBank rescued WeWork from bankruptcy last year by acquiring majority control.

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