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WeWork has enough cash to meet coronavirus challenges - letter

FILE PHOTO: A WeWork logo is pictured in the Manhattan borough of New York City
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NEW YORK (Reuters) - Shared-office operator WeWork told investors on Thursday the $4.4 billion (3.7 billion pounds) in cash and cash commitments it had at year-end 2019 is enough to execute its five-year plan and manage the challenges posed by the coronavirus crisis.WeWork, whose losses more than doubled to $1.25 billion as of the third quarter of 2019, told bond investors in a letter reviewed by..
Date Published: Mar 26, 2020
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