Adam Neumann Submits $500 Million Bid to Acquire WeWork

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Adam Neumann Submits $500 Million Bid to Acquire WeWork
Adam NeumannWeworkBid
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Adam Neumann has made an unsolicited bid of over $500 million to acquire WeWork out of bankruptcy, showing renewed interest in taking back the company he was ousted from five years ago.

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC. The offer comes weeks after it emerged Neumann had renewed interest in taking back the company he was ousted from five years ago. Neumann's financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb 's Third Point was not involved in the offer.

Neumann's counsel had previously said that Loeb's investment firm was backing the WeWork founder's offer

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Adam Neumann Wework Bid Bankruptcy Acquisition Offer Financing Third Point Dan Loeb

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