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WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan

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 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 reported...
Mentions: JPMorgan SoftBank WeWork