Adam Neumann submitted a bid to buy back WeWork for more than $500 million, the Wall Street Journal reported Monday citing people with knowledge of the matter. It was not immediately clear how Neumann would finance the acquisition, the report added. Ex-WeWork CEO Adam Neumann submitted a bid for the company for more than $500 million, … Read more
Adam Neumann, WeWork’s disgraced billionaire founder, has reportedly spent the past several months trying to buy back the bankrupt co-working giant after being ousted as its CEO five years ago. A team of lawyers led by Alex Spiro of Quinn Emanuel — who also represents Elon Musk and Jay-Z — penned a letter earlier reported … Read more
Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann, his startup Flow and Dan Loeb’s Third Point fund have “consistently expressed” a “sincere interest” since December 2023 to buy WeWork and its leases out of bankruptcy or … Read more
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, … Read more
