WeWork has been weighing offers from at least two special acquisition companies, or SPACs, to go public, according to a report in the Wall Street Journal, which cited people familiar with the matter.
Some of the sources told the WSJ that a deal could value the company at $10 billion, although it is unclear whether that includes debt. One of the suitors is a SPAC affiliated with Bow Capital Management.
The sources cautioned that talks were complicated and the deal may not come to fruition.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
