WEWKQ Stock Recent News

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.

A spokesperson for Flow confirmed the venture to Bloomberg as part of the Miami Worldcenter, an urban mixed-use redevelopment project that spans 20-plus acres, multiple city blocks and several developers.

A 16-story building in the Garment District formerly occupied by office space sharing provider WeWork has been proposed for conversion into to an emergency shelter for migrants, officials said.

Daniel Loeb is playing down his role and that of his hedge fund in helping Adam Neumann buy back WeWork just over four years after his ouster from the now-bankrupt office sharing company.

Adam Neumann, who co-founded flexible workspace provider WeWork in 2010 and notoriously stepped down nine years later, is attempting to buy the company out of bankruptcy, according to multiple reports.

CNBC's Deirdre Bosa joins 'Power Lunch' to discuss WeWork former CEO Adam Neumann's new bid in real estate.

WeWork co-founder and former CEO Adam Neumann wants to buy the bankrupt co-working provider back through his new venture, claiming to have hedge fund backing.