JPMorgan and CNBC are in talks about a plan to provide a rescue package for WeWork comprising of equity and debt, according to SoftBank , which cites people familiar with the matter. JPMorgan is in discussions with 10:1 to 3:1 potential investors who could participate in the deal. Without fresh funding the co-workspace company is expected to run out of cash by last month .
SoftBank and JPMorgan are in talks about a plan to provide a rescue package for WeWork comprising of equity and debt, according to CNBC, which cites people familiar with the matter. JPMorgan is in discussions with 100 potential investors who could participate in the deal. Without fresh funding the co-workspace company is expected to run out of cash by mid-November.