US96209A4013 - Common Stock
Somebody forgot to tell these stocks that it’s a big bull market and that everybody’s awash in the huge profits. iHeartMedia, Teledoc, WeWork and Zoom Info are ...
Adam Neumann’s $650 million bid to buy back WeWork was essentially turned down last week, but that process “is not over,” he said on stage Thursday at the Bloomberg Tech Summit in San Francisco.
WeWork and Macy’s and balloon payments, oh my!
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.
If approved, a restructuring deal will allow the fallen co-working giant exit bankruptcy with less debt and a leaner, less expensive lease portfolio.
Adam Neumann, the former CEO of WeWork, has been denied his $500 million bid to buy back the bankrupt company
WeWork Inc. and its major financial backers including SoftBank Group Corp. have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder Adam Neumann.
WeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann, who wanted to acquire it for more than $500 million.
WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to re-acquire the coworking business, saying Monday that WeWork's management should engage in talks or be forced to cede control of the company's restructuring. Neumann's new real estate company, Flow Global, has sought to buy WeWork out of bankruptcy, recently offering over $500 million.
Coworking giant WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder Adam Neumann, as well as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing.
(Bloomberg) -- Coworking giant WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder Adam Neumann, as well as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend
The shared office space provider was running short of cash and needed as much as $400 million in fresh funding to have a chance of emerging viably, FT said, citing two people familiar with the matter. Alex Spiro, an attorney for Neumann's real estate firm Flow told FT that the company and its financial partners were prepared to beat any other offer that WeWork has received by 10%. Adam Neumann had submitted a bid of more than $500 million to buy back WeWork, Reuters reported last month citing a person familiar with the matter.