SoftBank’s financing talks about WeWork stall
One option may be to use Alibaba stake as collateral to allay fears over the high risk of a rescue
23 December 2019 - 12:03
Tokyo — SoftBank’s talks to secure $3bn from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5bn rescue package for WeWork.
The Japanese technology conglomerate is now likely to enter the new year without the WeWork financing in place, the people said, adding that the banks are also concerned about the risks involved in rescuing the US office-sharing start-up...
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