Connect with us

Hi, what are you looking for?

Brilliant AchievementBrilliant Achievement

Tech News

Adam Neumann got kicked out of WeWork — now he wants to buy it

Adam Neumann sitting on-stage at the Israeli American Council 8th Annual National Summit
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…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Politics

In his important book The Failure of American Conservatism (2023), the political theorist and philosopher Claes G. Ryn offers some criticisms of libertarianism and...

Editor's Pick

Colin Grabow The George II is a case study in Jones Act dysfunction. Delivered in December 1980 by a now‐​defunct Louisiana shipyard, the forty‐​three‐​year‐​old containership—long in...

Editor's Pick

After a long weekend, the market action on January 16th held some surprises. The Bullish Trends, or gainers, were the dollar and — here...

Tech News

Photo by Vjeran Pavic / The Verge Apple is officially axing support for progressive web apps for iPhone users located in the European Union....