The Wall Street Journal: WeWork in talks to combine with SPAC, or take private funding
WeWork is in talks to combine with a special-purpose acquisition company, according to people familiar with the matter, a deal that would usher the office-leasing company into the public markets more than a year after its high-profile failure to stage a traditional initial public offering.
WeWork’s board and its Chief Executive Sandeep Mathrani have been weighing offers from a SPAC affiliated with Bow Capital Management LLC and at least one other unidentified acquisition vehicle for several weeks, the people said. A deal could value WeWork at some $10 billion, some of the people said. It couldn’t be learned whether that includes debt.
January 29, 2021 at 04:59PM
http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D240983C3023%7D&siteid=rss&rss=1
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