Adam Neumann and Partners Offer More Than $500 Million for WeWork
- Co-founder left the company after its failed IPO attempt
- WeWork filed for bankruptcy with $19 billion in liabilities
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Adam Neumann and several partners submitted an offer to buy WeWork out of bankruptcy for more than $500 million, putting one of the tech world’s most controversial founders a step closer to regaining control of his long-troubled startup.
Neumann and his real estate firm, Flow, had pulled together a financing package for the co-working firm, Bloomberg News reported in February. The Wall Street Journal reported Monday that Neumann offered to buy the company for more than $500 million, citing people familiar with the matter.