(Bloomberg) — JPMorgan Chase & Co. is leading discussions to put together a rescue package for cash-strapped WeWork that may come together as soon as next week, the Financial Times reported.The U.S. investment bank may contribute a large sum to any bailout, giving WeWork a much-needed infusion of cash after the once high-flying startup’s failed attempt at an initial public offering, the newspaper cited unidentified people as saying. The co-working company will need fresh capital by the end of November, the FT reported.WeWork formally withdrew the prospectus for an IPO this month, capping a botched fundraising effort that cost its …read more
Source:: Yahoo Finance
