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Adam Neumann Drops Bid To Acquire Bankrupt WeWork
The WeWork founder Adam Neumann has shelved his bid to acquire the bankrupt shared office space provider. From a report: It emerged earlier this year that Neumann, who was ousted from the business in 2019 following a botched attempt to take it public on the stock market, was seeking to buy the busin...
The WeWork founder Adam Neumann has shelved his bid to acquire the bankrupt shared office space provider. On Tuesday morning, however, Neumann confirmed that Flow was walking away from his dream to take back control of the firm. WeWork, with over $13bn in long-term leases, filed for Chapter 11 bankruptcy protection last November in order to renegotiate these agreements.
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