The founder of WeWork is looking to buy back the bankrupt coworking company.
The New York Times reported Tuesday that Adam Neumann has been trying to buy WeWork for several months.
"Neumann’s new real estate company Flow Global is pushing WeWork to consider its takeover approach, according to a letter his lawyers sent to WeWork’s advisers on Monday," the New York Times reported. "Flow which has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that [Daniel] Loeb’s Third Point would help finance a transaction."
Neumann stepped down as CEO from WeWork in 2019, as the company failed to go public. In November, WeWork filed for bankruptcy.
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This article originally published at https://dc.urbanturf.com/articles/blog/adam_neumann_wants_to_buy_wework/21940.
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