WeWork's valuation could reportedly slip below $8 billion as part of SoftBank's proposed bailout of the embattled company
- SoftBank is reportedly eyeing a plan to rescue WeWork from its precarious financial situation that would value the company below $8 billion, according to a new report from Bloomberg.
- The embattled office-sharing company is weighing competing bailout plans from SoftBank and JPMorgan in order to avoid running out of cash, which could reportedly happen as soon as next month.
- A sub-$8 billion valuation from SoftBank would be a steep dropoff from the $47 billion the Japanese investment group privately valued WeWork at in January.
- WeWork executives have been cutting jobs, selling off some of the company's holdings, and slashing side projects like WeGrow in the aftermath of its failed IPO attempt.
- For more WeWork stories, click here.
WeWork is also considering a competing bailout plan from JPMorgan. A source told Business Insider that a debt package from the bank could be in the billions.
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