WeWork Gets a Life Raft: Report
Gizmodo --------- Just weeks after reports revealed WeWork could run out of cash by the end of next month, CNBC reported Monday that SoftBank is poised to bail out the company. Citing sources familiar with the matter, CNBC reported the cash-filled life preserver involves SoftBank spending between $4 billion and $5 billion on equity and shares. According to the report, the deal would give Softbank “as much as 70% or more” control of the shared workspace company—up from about a third—and would value WeWork at up to $8 billion. To learn more click on the picture below to read the article.