Get the latest tech news
Adam Neumann Makes a $500 Million Bid For WeWork
Adam Neumann has submitted a $500 million bid to acquire WeWork out of bankruptcy. According to CNBC, it "could go up to $900 million pending due diligence." From the report: Neumann's financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb's Third Poin...
From the report: Neumann's financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb's Third Point was not involved in the offer. Neumann, his family office Nazare, and his Andreessen Horowitz-backed real estate venture Flow filed a notice of appearance in WeWork's bankruptcy docket on Monday. "Two weeks ago, a coalition of half a dozen financing partners -- whose identities are known to WeWork and its advisors -- submitted a potential bid for substantially more" than the initially reported $500 million, a Flow spokesperson said in a statement.
Or read this on Slashdot