blog

Managed by Q founder is battling in bidding war for his company

Written by CRETech | Dec 13, 2019 12:00:27 PM

Eight months after selling his office-services firm to WeWork for $220 million, Dan Teran is raising money to buy Managed by Q back at a fraction of the price. But another interested bidder is threatening his successful takeover. Eden, a San Francisco-based startup and one of Managed by Q’s biggest competitors, has bid on the sale of the company, people familiar with the matter told The Real Deal. According to those involved, Teran and Eden both put in bids to WeWork two months ago, but talks have stagnated since then