Controversial Founder Adam Neumann Bids to Buy WeWork Out of Bankruptcy: Bloomberg and WSJ
By
Yuri Ivanov
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Controversial WeWork founder, Adam Neumann, along with partners, has submitted a bid to purchase WeWork out of bankruptcy for over $500 million. This offer brings Neumann a step closer to regaining control of his long-troubled startup. Neumann and his real estate firm, Flow, have orchestrated a financing package for the co-working firm, as reported by Bloomberg. The Wall Street Journal also reported Neumann's proposal to buy the company for more than $500 million, citing sources familiar with the matter.