WeWork is said to be weighing last-ditch financing options this week to avoid running out of money after a disastrous attempt at an IPO
The embattled coworking space operator is said to be weighing last-ditch financing options this week to avoid running out of money after a disastrous attempt at an IPO.WeWork's parent company, The We Company, is considering at least two possible financial lifelines. One option would see SoftBank , a Japanese conglomerate, lend as much as $5 billion to the company, according to The Wall Street Journal, CNBC and other outlets.
Read MoreThe decision could be announced as soon as Tuesday, according to multiple reports.WeWork declined to comment. SoftBank and JPMorgan did not immediately respond to a request for comment.The countdown to this pivotal moment caps off a dramatic two-month period for The We Company.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New WeWork financials show growing debt in its international unit - Business Insider
Weiterlesen »
SoftBank to take control of WeWork: SourcesSoftBank will take control of embattled WeWork and provide $4-5 billion in new funding, sources say. The deal would aim to help WeWork get back on track and reach profitability.
Weiterlesen »
JP Morgan is at risk of losing big on its WeWork bet, a major potential blow to CEO Jamie DimonJP Morgan's investments in WeWork are at risk, and the bank is losing out on many millions of dollars in fees that would've come from leading the IPO.
Weiterlesen »
There Are Real Dangers In ‘Bouncing Back’ Too Soon After Having A BabyExercising too strenuously too soon can actually have dangerous and lasting consequences.
Weiterlesen »
Northern Ireland parties make last-ditch attempt to stop new abortion lawSome Northern Ireland assembly members were returning to Stormont on Monday for the first time in nearly three years in a last-ditch attempt to prevent the province's abortion law from being reformed by the UK government.
Weiterlesen »