WeWork in talks to mix with SPAC, or take personal funding
WeWork is currently in talks to partner with a special-purpose acquisition company, according to those familiar with the matter, a deal the office leasing company hit the public markets more than a year after its high-profile failure to stage a traditional venture would lead to an IPO.
WeWork’s board of directors and its chief executive Sandeep Mathrani have been pondering offers from a Bow Capital Management LLC affiliate SPAC and at least one other unidentified acquisition vehicle for several weeks. One deal could value WeWork at around $ 10 billion, some people said. It could not be learned whether this included debt.