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The Guardian - US
The Guardian - US
Business
Guardian staff and agencies

Adam Neumann drops bid to acquire bankrupt WeWork

Adam Neumann WeWork FLOW
man with shoulder-length hair in a blazer over a t-shirt speaks
Adam Neumann’s new real estate venture had submitted a bid of more than $500m to take over WeWork and its assets. Photograph: VCG/Visual China Group/Getty Images

The WeWork founder Adam Neumann has shelved his bid to acquire the bankrupt shared office space provider.

It emerged earlier this year that Neumann, who was ousted from the business in 2019 following a botched attempt to take it public on the stock market, was seeking to buy the business. His new real estate venture, Flow Global, submitted a bid of more than $500m to take over WeWork and its assets.

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