WEWORK'S VALUATION COULD REPORTEDLY SLIP BELOW $8 BILLION AS PART OF SOFTBANK'S PROPOSED BAILOUT OF THE EMBATTLED COMPANY

Reuters SoftBank is reportedly eyeing a plan to rescue WeWork from its precarious financial situation that would value the company below $8 billion, according to a new report from Bloomberg. The embattled office-sharing company is weighing competing bailout plans from SoftBank and JPMorgan in order to avoid running out of cash, which could reportedly happen as soon as next month. A sub-$8 billion valuation from SoftBank would be a steep drop...

BusinessInsider (Date:10/18/2019 17:25) Read full article >>

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