Former WeWork CEO Adam Neumann is making headlines again as he attempts to salvage control of the embattled real estate company co-founded by him. Neumann's bid to regain WeWork out of bankruptcy, with backing from remarkable investors including Dan Loeb's Third Point, brings in a major twist in the company's troublesome journey.
"Adam Neumann has consistently expressed a sincere interest in buying WeWork out of bankruptcy or providing debtor-in-possession financing," said Alex Spiro, Neumann's counsel, in a letter obtained by Dealbook. However, Third Point discussed that discussions with Neumann were preliminary and that no commitment to provide financing had been given.
