(Reuters) -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.
WeWork founder Neumann wants bankruptcy court's help in bid to repurchase company streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Dietrich Knauth (Reuters) - 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 com.
By Dietrich Knauth (Reuters) - 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 com.
WeWork may need a new bankruptcy loan due to slow progress on rent negotiations, according to an attorney for the company. The company s post-bankruptcy plan relies on reduced rent costs, but landlords have criticized their tactics.