On 2/8/19 BWF announced they plan to spin off WOTSO Workspace from the rest of BWF. The announcement is light on detail other than saying that BWF shareholders will get WOTSO shares (numbers unknown) and synergies will continue between BWF and WOTSO as BWF is looking for real estate opportunities that would suit WOTSO.

With WOTSO being a pure play in the 'flexible workplace' space, BWF shareholders will be hoping the market assigns it a valuation multiple similar to WeWork. But as WOTSO made a posibive EBIDTA last FY and WeWork loses money hand over fist, in today's crazy markets WeWork naturally deserves the higher valuation.... (insert eye rolling emoji here).