WeWork Co-Founder Neumann Prepared to Beat Any Bid by 10%: FT

April 18, 2024, 4:13 AM UTC

WeWork co-founder Adam Neumann has made a fresh push to regain control of the company, FT reports, citing two unidentified people familiar with the matter.

  • Neumann, financial partners are prepared to beat any other offer that WeWork has received by 10%, a lawyer for Adam Neumann’s property company Flow said in a statement to FT
    • Attorney Alex Spiro says due diligence could be performed within two weeks of confidentiality agreement signed
  • WeWork spokesperson says the company is “committed to emerging from Chapter 11 next month”: FT
  • NOTE: In March, Neumann Offers to Buy Back WeWork for More Than $500 Million ...





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