"WeWork's Adam Neumann Fails in Bid to Reclaim Company"

A New Jersey bankruptcy judge rejected Adam Neumann's $650 million bid to buy back WeWork, favoring a $450 million offer from SoftBank and Yardi Systems. Neumann, who co-founded WeWork and was ousted in 2019, criticized the approved plan as unrealistic. WeWork aims to exit Chapter 11 bankruptcy by the end of the month, focusing on reducing debt and improving operational efficiency. Neumann is expected to focus on his new real estate startup, Flow.