NEW YORK (AP) — Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process.
According to Monday's letter, Neumann and his affiliates have been attempting to obtain information from WeWork necessary for a purchase offer since December but have been met with a “lack of engagement” from the company.
Neumann founded WeWork with Miguel McKelvey back in 2010.
That debacle led to the ousting of Neumann, whose erratic behavior and exorbitant spending spooked early investors.
Japan’s SoftBank stepped in to keep WeWork afloat, acquiring majority control over the company.
Persons:
— Adam Neumann, Dan Loeb’s, WeWork, Neumann, “, Miguel McKelvey, Japan’s SoftBank
Organizations:
The Associated Press, Flow Global Holdings, Associated Press, WeWork, Street Journal
Locations:
—, New York