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WeWork Co-Founder Hopes to Buy Back Bankrupt Company
Adam Neumann, the founder of bankrupt co-working startup WeWork, reportedly hopes to buy back the company and all its assets.
More recently, the report said, the group — which also includes the hedge fund Third Point — has come up with a bankruptcy financing package for WeWork. “We write to express our dismay with WeWork’s lack of engagement even to provide information to my clients in what is intended to be a value-maximizing transaction for all stakeholders,” wrote Alex Spiro, an attorney representing Neumann. Back when it was slated to go public in the summer of 2019, the anticipated market cap was north of $40 billion,” PYMNTS wrote at the time.
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