Posted 3/25/2024, 11:03:45 PM
Neumann Bids Over $500 Million to Regain Control of WeWork
- Adam Neumann has submitted a bid to buy back WeWork for over $500 million
- It's unclear how Neumann plans to finance the buyback bid
- This follows reports last month that Neumann was trying to buy back WeWork with other investors
- WeWork filed for bankruptcy in November 2019 after its failed IPO and has racked up losses during the pandemic
- Neumann previously grew WeWork into a $47 billion startup before being ousted as CEO in 2019
