Adam Neumann is trying to buy WeWork, but Third Point says financing not committed
Publishing timestamp: 2024-02-06 12:46:04
Summary
Billionaire Adam Neumann is attempting to buy back WeWork, the real estate company he founded but was ousted from in 2019. Neumann claims to have the support of Dan Loeb's Third Point, but Third Point has stated that discussions are only preliminary and no financing commitment has been made. Neumann has been expressing interest in buying WeWork since December 2023 and has previously tried to arrange financing. WeWork filed for bankruptcy in November 2023.
Sentiment: MIXED
Tickers: WE,
Keywords: breaking news, corporate bankruptcy, adam neumann, breaking news: technology, real estate, business news, business, wework inc, technology,
Source: https://www.cnbc.com/2024/02/06/adam-neumann-is-trying-to-buy-bankrupt-wework-dealbook.html