Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.
That bid could go up to $900 million pending due diligence, the person said.
Neumann, his family office Nazare, and his Andreessen Horowitz-backed real estate venture Flow filed a notice of appearance in WeWork's bankruptcy docket on Monday.
Flow did not respond to CNBC's request for comment regarding the $900 million potential bid.
Neumann's bid, which was first reported by the Wall Street Journal, may complexify WeWork's bankruptcy proceedings.
Persons:
Adam Neumann of WeWork, Victor Fung Kwok, Adam Neumann, Dan, Neumann, Andreessen Horowitz, —, WeWork, we've, it's, lessors
Organizations:
Fung Group, CNBC, Board, Wall Street
Locations:
Shanghai, China