Adam Neumann has a billion-dollar plan to transform apartment living and he wants to buy WeWork
Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports. The shared office space provider was running short of cash and needed as much as $400 million in fresh funding, FT said. WeWork was running out of cash, sources said. Neumann's real estate firm Flow is prepared to beat any other offer by 10%.
Adam Neumann shares why he believes Flow is a tech company and why he wants to buy WeWork out of bankruptcy. Neumann: "I want to transform apartment living. I want to make it a reality TV show" Neumann says Flow will transform the world of apartment living.
Adam Neumann's bid to buy back WeWork faces uphill battle due to financing challenges. Neumann reportedly trying to buy the company that ousted him in 2019. WeWork founder faces plenty of hurdles to get there, including financing hurdles. Adam's bid for WeWork is reportedly set to be rejected by the company's board of directors in January.
WeWork co-founder Adam Neumann bids to buy it back for more than $500m. Former CEO of shared office space rental company has reportedly been in talks with investors. WeWork's co-founders are reportedly in talks to buy the company back from investors.
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a source says. The bid could hit $900 million if financing and diligence firm up. Neumann's bid is expected to be close to $1 billion.
Adam Neumann and several partners submit offer to buy WeWork out of bankruptcy for more than $500 million. Neumann is one of the tech world's most controversial founders. WeWork is a long-troubled startup that has been in the news for years.