Wall Street firms in talks over potential WeWork bankruptcy plan, WSJ says

Wall Street fund managers that lent hundreds of millions of dollars to WeWork (WE), including BlackRock (BLK), King Street, and Brigade Capital, are exploring the possibility of a bankruptcy filing that could help the company exit from expensive office leases, among other potential options, the Wall Street Journal’s Alexander Saeedy and Jodi Xu Klein report, citing people familiar with the creditors’ talks. The firms are holding preliminary talks about the company’s restructuring options after it raised doubts about its ability to stay in business as a going concern, the authors note.