WeWork Is in Talks to Raise Hundreds of Millions in Cash

WeWork Inc., the long-struggling workspace rental company, is in talks to raise hundreds of millions in capital to support the business, said a person familiar with the negotiations.

Yardi Systems Inc., a real estate software maker in Santa Barbara, California, is weighing an investment, said the person, who asked not to be identified because the talks are private. WeWork and Yardi have been working together on projects for at least the last year.