SoftBank Seeks Majority Stake in WeWork With Bailout Deal (5)

SoftBank Group Corp. offered to take a majority stake in WeWork, one of two rescue packages that the board of the troubled company is weighing, according to people familiar with the matter.

The deal from SoftBank was in the lead among some directors, a person familiar with the board’s thinking said on Monday. The board was weighing the proposal with an eye toward making a decision as soon as early this week, though the process is fluid, said the person, who asked not to be identified discussing private deliberations.

A WeWork co-working space in Tokyo.

Photographer: Keith Bedford/Bloomberg

JPMorgan Chase & Co. has been preparing a separate ...