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Office-sharing company WeWork has filed for Chapter 11 bankruptcy protection.
In the filing, the company reported $18.7 billion in debts and $15.1 billion in assets.
"I am deeply grateful for the support of our financial stakeholders as we work together to strengthen our capital structure and expedite this process through the restructuring support agreement," WeWork CEO David Tolley said. "We remain committed to investing in our products, services and world-class team of employees to support our community."
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