SoftBank's rescue financing plan may put WeWork's valuation below $8 bn

Uncertainty around WeWork's future has whipsawed its bonds in recent weeks

SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions.

The new figure is a fraction of the $47 billion valuation the start-up commanded as recently as January. The talks are fluid and the terms could change, said the people, who requested anonymity because the discussions are private.
 

WeWork, reeling since it scrapped its initial public offering, has been considering dueling plans from SoftBank and JPMorgan Chase & Co. to shore up its finances before it runs out of cash as early as next