WeWork rejects Adam Neumann’s $650M bid, reaches bankruptcy deal with creditors
Shared office space provider WeWork on Monday announced a settlement with junior creditors and an infusion of new capital from senior lenders, rejecting a $650 million offer from co-founder and former owner Adam Neumann. proceeded with a bankruptcy transaction. At a hearing in Newark, New Jersey, U.S. Bankruptcy Judge John Sherwood said the New York-based, […]
WeWork founder Adam Neumann’s latest startup Flow planning on spending $300M to redevelop former Miami ‘tent city’
Adam Neumann’s real estate startup Flow Global is reportedly planning a $300 million buildout in the Miami development as it seeks to take control of WeWork. According to preliminary documents filed March 11 with MuniOS, an online repository of municipal offerings, Flo’s Miami blueprint includes rental apartments in what was once considered a tent city […]