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Adam Neumann is trying to buy back WeWork

WeWork co-founder Adam Neumann and affilates are attempting to buy the flexible workspace provider out of bankruptcy.

In a letter published by The New York Times today, lawyers for Adam Neumann, his latest startup Flow Global Holdings LLC and “their affiliates” wrote that they were dismayed with “WeWork’s lack of engagement even to provide information” in response to efforts to be able to make an offer to buy the company. Neumann’s attorneys further claimed that he had “previously worked to arrange up to $1 billion of financing to stabilize WeWork in October 2022, when just before the meeting (while participants were literally in the air traveling), the former CEO shut down that process without explanation.” We continue to believe that the work we are currently doing – addressing our unsustainable rent expenses and restructuring our business – will ensure WeWork is best positioned as an independent, valuable, financially strong and sustainable company long into the future.”

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