---
title: Cash Strapped WeWork Seeks Financial Lifeline from JP Morgan
description: The troubled shared office space company WeWork declined SoftBank’s financial offer and instead plans to accept a $5 billion financial rescue package from JP Morgan Chase.
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Cash Strapped WeWork Seeks Financial Lifeline from JP Morgan](https://www.nationalinvestornetwork.com/financials/cash-strapped-wework-seeks-financial-lifeline-from-jp-morgan)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Oct 16, 2019 4:16:03 PM

The troubled shared office space company WeWork declined SoftBank’s financial offer and instead plans to accept a $5 billion [financial rescue package ](https://www.reuters.com/article/us-wework-restructuring/wework-prefers-jpmorgans-financing-package-over-softbanks-control-bloomberg-idUSKBN1WU07H)from JP Morgan Chase. Softbank currently owns about one-third of WeWork and their most recent financial offer would have given them a controlling interest in the company. 

WeWork lost $1.9 billion in 2018 and has already spent $2.36 billion during the first half of 2019.

[View full post](https://www.nationalinvestornetwork.com/financials/cash-strapped-wework-seeks-financial-lifeline-from-jp-morgan)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Jeff Mindham"
  },
  "dateModified" : "2020-01-02T20:34:40.331Z",
  "datePublished" : "2019-10-16T16:16:03Z",
  "headline" : "Cash Strapped WeWork Seeks Financial Lifeline from JP Morgan",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1400,
    "url" : "https://cdn2.hubspot.net/hubfs/5512672/office%20space.jpg",
    "width" : 2114
  },
  "mainEntityOfPage" : "https://www.nationalinvestornetwork.com/financials/cash-strapped-wework-seeks-financial-lifeline-from-jp-morgan",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Financials"
  }
}
```