SoftBank could reportedly take control of WeWork at a valuation below $10 billion as the embattled office rental company seeks bailout options
|10/14/2019||Posted by BusinessMediaguide.Com under General World News||
- WeWork’s options to avoid running out of cash could include a SoftBank financing deal that would give the Japanese company — WeWork’s largest investor — control of the office rental startup, The Wall Street Journal reported on Sunday.
- SoftBank’s deal could value the startup below $10 billion. The Japanese investment group valued WeWork at $47 billion in its January funding round.
- WeWork is also working with JPMorgan on another option, lining up billions for a debt deal.
- WeWork could run out of money as soon as the end of November, The Financial Times reported last week. The company’s new co-CEOs are read more >>>