Published 3 months ago

DealBook: Adam Neumann’s push to buy WeWork

Billionaire Adam Neumann, founder of WeWork, is attempting to repurchase the bankrupt company after being ousted in 2019.
Neumann's $1 billion financing plan was rejected by former CEO Sandeep Mathrani, but WeWork advisors suggested alternative financing options.
WeWork filed for bankruptcy in November 2023 after struggling financially, but is currently working to address rent expenses and restructure for future sustainability.

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BBC News

WeWork's ousted boss plots buyback of bankrupt firm

Lawyers for Adam Neumann claim the leaders of his former company are stonewalling his approaches.

3 months ago·United Kingdom

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The Guardian

Adam Neumann seeks to buy WeWork back five years after his ousting as CEO

Co-founder pushed out in 2019 has been trying to meet co-working company for months to negotiate deal, lawyers say

3 months ago·London, United Kingdom

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Reuters

WeWork founder Adam Neumann trying to buy back company

Third Point told Reuters on Tuesday it has held "only preliminary conversations" with Neumann and his property company Flow and has not made any financial commitments. Flow Global did not immediately respond to a Reuters request for comment. WeWork said it routinely receives "expressions of interest" and reviews them to align with the best interests of the company."

3 months ago·United Kingdom

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NDTV

WeWork Founder Adam Neumann Seeks To Buy Bankrupt Company 5 Years After Being Ousted

WeWork filed for bankruptcy in the US in 2022. The company struggled to recover from the effects of Covid-19 on the economy and its failed initial public offering in 2019.

3 months ago·New Delhi, India

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Associated Press News

Adam Neumann, ousted founder of WeWork, wants to buy back the office sharing company

Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process. In a Monday letter, an

3 months ago·United States

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