SoftBank Group Corp. has prepared a financing package for WeWork Compan...
) has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.
Reuters had reported that SoftBank was in negotiations to make a $1 billion investment to enable WeWork to go through a major restructuring. “WeWork has retained a major Wall Street financial institution to arrange a financing,” a WeWork spokeswoman said. “Approximately 60 financing sources have signed confidentiality agreements and are meeting with the company’s management and its bankers over the course of this past week and this coming week.”
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