WeWork Agrees to SPAC Deal with BowX Acquisition (BOWX) that Values it at $9 Billion, with Debt - DJ

March 26, 2021 6:03 AM EDT

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(Updated - March 26, 2021 6:05 AM EDT)

WeWork has agreed to merge with a SPAC, according to Dow Jones, citing people familiar with the matter. The planned merger with BowX Acquisition (NASDAQ: BOWX) would value WeWork at $9 billion including Debt. It would also raise $1.3 billion, including $800 million in a PIPE investment.

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