Adam Neumann Makes Conditional Offer to Regain Control of WeWork
Adam Neumann, co-founder of WeWork, has made a conditional offer to regain control of the company after its failed IPO and subsequent turmoil. His offer is contingent on SoftBank not proceeding with a plan to buy out other shareholders, and includes a commitment to invest $1 billion to buy shares from other investors. Neumann’s bid reflects his desire to play a significant role in the company’s future, despite being ousted as CEO in 2019.
WeWork’s founder Adam Neumann seeks to buy now-bankrupt business
Adam Neumann, the co-working company’s onetime chief, has been trying to buy the now-bankrupt WeWork business with the help of hedge fund mogul Dan Loeb. His new real estate company, Flow Global, has accused WeWork’s current leaders of stonewalling their takeover approach, despite seeking to provide bankruptcy financing to keep the company afloat.