Deals
SoftBank Taps Houlihan Lokey for WeWork Restructuring Advice
- Leases could be on chopping block to slow WeWork’s cash burn
- The office-sharing company could wind up owned by SoftBank
Photographer: Ruhani Kaur/Bloomberg
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SoftBank Group Corp. has tapped investment bankers at Houlihan Lokey to explore options for easing WeWork’s cash crunch, according to people with knowledge of the discussions.
Houlihan is working on cutting liabilities as WeWork mulls a separate deal that could hand control of the struggling office-sharing company to SoftBank, its biggest shareholder, according to the people. They asked not to be named as the discussions are private.