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. Representatives from SoftBank, J.P. Morgan and WeWork declined to comment. 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 .
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 .