Adam Neumann Abandons WeWork Buyback Plan
TL;DR
Adam Neumann, the founder of WeWork, has decided to abandon his effort to regain control of the company, citing an unrealistic and unlikely-to-succeed bankruptcy plan. Neumann, who left WeWork in 2019 after a failed IPO and a $1.7 billion payout from investor SoftBank, had recently bid for the company as it filed for bankruptcy in November.
- WeWork Founder Adam Neumann Abandons Bid to Regain Control of the Company Gizmodo
- Adam Neumann gives up on his plan to buy back WeWork Business Insider
- Adam Neumann loses WeWork buyback to Masayoshi Son, Softbank Fast Company
- Adam Neumann drops bid to acquire bankrupt WeWork The Guardian
- Adam Neumann Gives Up on Buying Back WeWork The New York Times
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