WeWork will run out of money by the end of November, sources say
The company is said to be trying to reach terms on a financing package, including one contingent on an equity injection, most likely by SoftBank
11 October 2019 - 17:43
New York — WeWork needs new financing before the end of November to avoid running out of money, two people familiar with the matter said.
The office-sharing company is trying to reach terms on a financing package to ease the cash crunch, including one that’s contingent on an equity injection, most likely by SoftBank, one of the people said, asking not to be identified discussing private talks. One of the people said a deal was expected in the next two to three weeks...
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