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Ousted WeWork Co-founder Adam Neumann Bids to Buy Back the Company

2024-03-26 02:24:02.196000

Adam Neumann, the co-founder of WeWork who was ousted from the company, has reportedly made a bid to buy back the struggling office-sharing group. Neumann's bid is said to be more than $500 million as he seeks to acquire WeWork out of bankruptcy. The company filed for bankruptcy in November, with its major creditors set to take control. Neumann's bid comes after he was forced out of WeWork with a $1.7 billion exit package. WeWork has faced significant challenges, including the impact of the Covid-19 pandemic, which led to empty offices as workers shifted to remote work. The company has struggled to fully recover. [9e7c1d01]

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