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WeWork’s tough choice on a bailout

The board of the cash-starved office space company must now pick between two financial lifelines, Peter Eavis, Michael de la Merced and Andrew report in the NYT. Either option would be humbling.

The two proposals that WeWork’s board is considering:

• SoftBank has offered to take control of the company by accelerating a $1.5 billion investment that was planned for next year, and buying $3 billion worth of shares held by other investors, according to unnamed sources. It would also lend the company $5 billion.

• JPMorgan Chase has put together a $5 billion debt financing plan from several outside institutions, which would include bonds with high interest rates and secured financing.