Can WeWork Find Stability? Ousted CEO Adam Neumann's Over $500M Bid Signals Potential Shift In Ownership For Struggling Coworking Space Player

Former WeWork Inc (OTC:WEWOQ) (OTC:WEWKQ) CEO Adam Neumann has proposed a bid of over $500 million to buy back the bankrupt co-working company. Neumann, ousted from WeWork’s leadership five years ago, has been actively seeking avenues to regain control of the company. Collaborating with Dan Loeb’s Third Point hedge fund and other investors, Neumann’s bid signals a persistent effort to influence WeWork’s future direction.Third Point, however, is not directly involved in Neumann’s current bid, the Wall Street Journal noted, citing insiders. Despite initial speculation, the hedge fund has clarified that it hasn’t committed to any transaction related to WeWork. Neumann’s real estate ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Zum vollständigen Artikel