WEWKQ Stock Recent News

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.

WeWork founder Adam Neumann is reportedly trying to buy back the company that ousted him in 2019, but he faces plenty of hurdles along the way.

CNBC's Deirdre Bosa joins 'The Exchange' to report on Adam Neumann's WeWork bid, creditor sentiment to the bid, and more.

CNBC's Deirdre Bosa reports on news from WeWork.

WeWork Inc (NYSE:WE), the bankrupt office space company, received a rescue bid worth more than US$500 million from co-founder and former chief executive Adam Neumann. Neumann's bid could go up to as high as US$900 million depending on due diligence.

WeWork (OTCMKTS: WEWKQ ) stock gained more than 200% yesterday on the news that the firm's founder, Adam Neumann, had made a bid to buy the company out of bankruptcy. According to the latest reports, Neumann plans to bid above $500 million for the firm.

Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.

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.

Flexible workspace provider WeWork filed for bankruptcy in November.