WeWork, down to its last $287 million in cash, is in talks to raise more money and restructure its debt, The New York Times reported. But its largest benefactor, SoftBank, isn’t ponying up more money. The office co-working company is talking to real estate software firm Yardi for more cash. It is also looking to extend the time it has to pay back its more than $3 billion in outstanding debt....
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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