Adam Neumann, alongside several partners, has made a bid to buy WeWork out of bankruptcy. The offer exceeds $500 million, an indication that one of the technology industry’s most controversial figures is approaching the acquisition of the co-working firm he co-founded, which has faced significant struggles.
Neumann, paired with his real estate firm, Flow, had commenced compiling a financial package for WeWork as reported by Bloomberg News in February. This latest development comes after the Wall Street Journal detailed that Neumann had made an offer for the co-working giant over $500 million, according to individuals who have knowledge of the situation.
Few specifics about the details of the offer, or the identities of the financiers involved in the coalition supporting this bid, have surfaced as yet.