Adam Neumann got kicked out of WeWork — now he wants to buy it
by Emma Roth from The Verge - All Posts on (#6JDV1)
Photo by Shahar Azran / Getty Images Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann has now hatched a plan to buy it out of bankruptcy. In a letter to WeWork's advisers obtained by The New York Times, Neumann and his new real estate business, Flow Global, express interest in buying the co-working space solution - but claim WeWork has been ignoring attempts to get more information so they can come up with a bid.
Neumann and Flow Global have been exploring a purchase of WeWork since December 2023, with the help of funding from Dan Loeb's hedge fund, Third Point. However, as noted in the letter written by Neumann's attorney Alex Spiro - the same person who represents Elon Musk - WeWork doesn't seem interested in entertaining Neumann's...