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Lew Frankfort

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WeWork cancelled its IPO following investor concerns about mounting losses, its business model and the way the company was being run.
October 17th, 2019 - 10:43 GMT

WeWork Owner Forms Committee to Consider Financing Lifeline

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co, four people familiar with the matter said on Wednesday. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-b…","video_id":"bd9ee6a0-38f8-4d14-9000-675dc33e9718","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Competitive Arab Economies"} The office-space sharing company is establishing the committee in an effort to ring-fence its financing deliberations from SoftBank's influence, the sources ...
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