Adam Neumann has decided to withdraw his attempt to purchase WeWork, according to a report from the New York Times Dealbook.

Reported 4 months ago

Adam Neumann, former CEO of WeWork, has decided to end his bid to repurchase the company as it emerges from bankruptcy with a plan he considers unrealistic. Neumann's new real estate venture, Flow Global, had previously submitted a bid of over $500 million to acquire WeWork. WeWork, once valued at $47 billion, has been restructuring its real estate portfolio to reduce rent obligations following its Chapter 11 bankruptcy filing in 2023. Neumann was ousted in 2019 amid concerns about losses and leadership issues.

Adam Neumann has decided to withdraw his attempt to purchase WeWork, according to a report from the New York Times Dealbook.

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