Japan is in talks about a deal to provide WeWork with a rescue package worth about $ 5bn according to Bloomberg , which cites a person familiar with the matter . Under the terms of the deal , the Japanese conglomerate would increase its stake , but not amass a majority of voting rights – part of the potential investment may be in non - voting preferred stock . , 10:45 PMOct 17 2019, 2:41 AMOctober 16 2019, 10:45 PMOctober 17 2019, 2:41 AM SoftBank chairman and CEO Masayoshi Son , is said to be confident that We will be turned around . An alternative package being negotiated by JPMorgan , and believed to be the company ’s preferred option , has reportedly been greeted with scepticism by potential investors , who are concerned about the company ’s ability to pay the debt . Japan ’s bonds jumped more than 8c on new of the financing talks .
Japan is in talks about a deal to provide WeWork with a rescue package worth about $ 5bn according to Bloomberg , which cites a person familiar with the matter . Under the terms of the deal , the Japanese conglomerate would increase its stake , but not amass a majority of voting rights – part of the potential investment may be in non - voting preferred stock . SoftBank chairman and CEO Masayoshi Son , is said to be confident that We will be turned around . An alternative package being negotiated by JPMorgan , and believed to be the company ’s preferred option , has reportedly been greeted with scepticism by potential investors , who are concerned about the company ’s ability to pay the debt . Japan ’s bonds jumped more than 8c on new of the financing talks .