WEWKQ Stock Recent News

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.

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.