Get the latest tech news
Adam Neumann’s Bid to Buy WeWork Failed. Will He Now Try to Compete With It?
WeWork’s controversial former CEO tried to acquire the bankrupt company he left in crisis. After being rebuffed, Adam Neumann will have to pivot to something new.
“After misleading the court for weeks, WeWork finally admitted it is trying to sell the company to a group led by Yardi for far less than we are continuing to propose, so we anticipate there will be robust objections to confirming this plan," says Susheel Kirpalani, an attorney for Flow. “Over the past six months, we have worked extremely hard to develop a plan for a reorganized WeWork that is better capitalized, more operationally efficient, and positioned for continued investment in our products and services and a return to long-term growth,” WeWork CEO David Tolley said in a statement announcing the plan. Bloomberg reported in March that Flow is planning a $300 million development in downtown Miami that would include residential, retail, and work spaces.
Or read this on Wired
