WeWork is in talks to combine with a special purpose acquisition company, Maureen Farrell and Konrad Putzier of Wall Street Journal report, citing people familiar with the matter. WeWork’s board and its Chief Executive Sandeep Mathrani have been weighing offers from BowX Acquisition (BOWX), a blank check company formed by Bow Capital Management, and at least one other unidentified acquisition vehicle for several weeks, sources told the Journal. A deal could value WeWork at around $10B, the sources added. WeWork has also received separate offers for a new private investment round, and it may well take that route instead, one of the people said. BowX Acquisition is up 2% to $10.70 following the report.
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