Key Points
- WeWork’s
board expects to receive funding proposals led by SoftBank and J.P.
Morgan in the coming days, according to people familiar with the matter.
- WeWork could choose from either proposal or suggest SoftBank and J.P. Morgan come together to provide capital, the people say.
- A decision from the WeWork board could come by the end of this week.
SoftBank and J.P. Morgan Chase
will submit separate funding packages to WeWork’s board in the coming
days, and the office-sharing company will choose between the two or a
combination of both, according to people familiar with the matter...
RSK: And the beat goes on....damage control!
Ken Notes: This will be interesting because the assets of WeWork are "soft" (more leases that brick and mortar) and the total income does not support the total outflow.
If you owe the bank $100 that`s your problem. If you owe the bank $100 million, that`s the bank`s problem.
J. Paul Getty ...and others...
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- - Volume: 7 - WEEK: 43 Date: 10/22/2019 7:52:42 AM -