WeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan
WeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan.
The shared-workspace group is in talks with its largest investor for a $1 billion injection, which it hopes to parlay into a $3 billion debt deal with the bank, according to Reuters.
WeWork is hoping to secure the funds as early as next week, when it expects to outline planned job cuts and asset sales to employees, Reuters said.
Reported by Business Insider