WEWKQ Stock Recent News
WEWKQ LATEST HEADLINES
Adam Neumann, the co-founder of Flow, says he's not done trying to buy back WeWork, the company he co-founded that ultimately went bankrupt. He speaks at the Bloomberg Technology Summit.
WeWork Inc (NYSE:WE) has ended speculation that its controversial founder Adam Neumann may be returning to pull it from bankruptcy after it confirmed senior creditors would be taking control instead. Lenders to the shared office space provider have agreed to pump a fresh US$450 million into the company in return for ownership.
Neumann and his new company, Flow Global, have argued that WeWork is selling its equity to "hand-picked" insiders instead of trying to get the highest bid.
WeWork Inc.'s new restructuring deal is poised to cap the saga of a company that was once valued at $47 billion and included an effort by co-founder Adam Neumann to return, Bloomberg's Sridhar Natarajan tells Sonali Basak on ``Bloomberg Markets.'' -------- More on Bloomberg Television and Markets Like this video?
WeWork is looking to hold onto another location in Seattle, as the onetime co-working giant filed a motion to assume its lease in the 15th and Market building in Ballard on Monday.
Outsted WeWork Inc (NYSE:WE) founder Adam Neumann has reportedly ramped up efforts to re-buy the office-sharing company. WeWork has said it will work to beat any offers by the former boss by 10%, however, according to the Financial Times.
The SoftBank-backed company's post-bankruptcy business plan is premised on a significant reduction in future rent costs from its landlords.
WeWork Inc. said Tuesday that after restructuring lease agreements covering nearly 90% of its real-estate portfolio, it expects to come out of bankruptcy by the end of May.
Adam Neumann — cofounder of WeWork — wants to buy the co-working space provider out of bankruptcy — bidding “more than $500 million,” according to the Wall Street Journal.
WeWork Inc is in focus today after Adam Neumann proposed to buy the office-sharing company out of bankruptcy for over $500 million. Rithm Capital may be interested in financing Neumann wants to regain control of the company he was ousted from with a $1.7 billion exit package in September of 2019.