Knotel filing for bankruptcy ahead of sale to Newmark
Misha Friedman/Bloomberg/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Knotel is filing for Chapter 11 bankruptcy and proposed a sale to Newmark, its largest investor. The one-time office unicorn lost a total of $202.3 million in the first 10 months of 2020, per newly-leaked documents. Flexible workspace provider Knotel filed for bankruptcy on Sunday and said it plans to sell its business to the publicly-traded real-estate services company Newmark. Knotel, on...
Source: businessinsider.com