Real Estate
Adam Neumann Says Bid Process to Restructure WeWork ‘Not Over’
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Adam Neumann’s $650 million bid to buy back WeWork was essentially turned down last week, but that process “is not over,” he said on stage Thursday at the Bloomberg Tech Summit in San Francisco.
The former WeWork chief executive officer said the latest restructuring deal to get the embattled co-working company out of bankruptcy is “definitely unfeasible,” and is projecting unrealistically high performance benchmarks.