SoftBank to slash planned WeWork investment
ft.com
ft.com
"The funding could be announced as soon as this week, according to one of the people, who added that the deal had not yet been agreed and could still fall apart."
It's also yet to be seen if SoftBank will exercise their $3B in warrants (one due this month and the next in April).
I believe there's a high chance the $3B in warrants get exercised and the $2B mentioned in the article closes, but it's still a risk.
"[WeWork] has more than $6bn of cash and cash commitments on hand."
This is a bit misleading because according to WeWork's Q3 deck they had $2.5B in cash and are at a quarterly burn rate of $500M, giving them until the end of 2019 to survive assuming costs don't go up dramatically because of free rent periods on their properties expiring or the increased costs they will bare from their massive expansion.
https://www.reuters.com/article/us-wework-m-a-softbank/softb...