Connect with us

Hi, what are you looking for?

AssetsUnderControl.comAssetsUnderControl.com

Tech News

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

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 advisors 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 claims WeWork has been ignoring attempts to get more information so they can come up with a bid.

Neumann and his real estate company 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…

Continue reading…

You May Also Like

Editor's Pick

Scott Lincicome Last Friday’s Department of Energy (DOE) move to temporarily pause pending requests to export liquefied natural gas (LNG) outside the United States...

Editor's Pick

David Kemp and Peter Van Doren One year ago, a freight train derailed in East Palestine, Ohio causing a leak of hazardous chemicals and a large fire....

Editor's Pick

Jeffrey A. Singer Three years after its first‐​in‐​the‐​nation drug decriminalization measure (Measure 110) went into effect, Oregon’s lawmakers are poised to re‐​criminalize possessing and...

Editor's Pick

Colleen Hroncich With a long‐​time career as a Physician Associate in cardiology, Sharon Masinelli might not seem like someone who would become an education entrepreneur. But...

Generated by Feedzy