Adam Neumann WeWork bid faces questions over financing, business plan

Israeli-American businessman Adam Neumann speaks during The Israeli American Council (IAC) 8th Annual National Summit on January 19, 2023 in Austin, Texas. Shahar Azran | Getty Images Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company … Read more

Adam Neumann makes a $500 million bid for WeWork, could reach $900 million

Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of … Read more

Adam Neumann is trying to buy WeWork

Adam Neumann wants to buy real-estate company WeWork, the company he co-founded in 2010 and that ousted him nine years later, out of bankruptcy citing the support of “well-known capital sources” including Dan Loeb’s Third Point. But the hedge fund told CNBC that it had not committed any financing and that discussions with Neumann were … Read more

Startup bubble fueled by Fed cheap money policy finally burst in 2023

Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, … Read more