The founder of bankrupt co-working startup WeWork reportedly hopes to buy back the company. Adam Neumann and other investors have been trying to get information from the company since late last year so that they can put together a bid, Bloomberg News reported Tuesday (Feb. 6), citing a...
WeWork Co-founder Adam Neumann has launched a legal battle with his company’s biggest investor, SoftBank Group Corp., charging that it has wrongfully reneged on a bailout deal. Neumann, WeWork’s former CEO, would have been the big winner in the $3 billion deal, which included buying...
Marcelo Claure, the executive chairman at embattled company WeWork, said in an interview that former CEO Adam Neumann didn’t leave the company with more than $1 billion, as was reported, according to a report by CNBC. Claure is a SoftBank executive as well as the...
A lawsuit is being launched by minority shareholders against WeWork, Adam Neumann — its co-founder and former chief executive officer — and the prime investor, Japan’s SoftBank, Reuters reported on Friday (Nov. 8). In a proposed class action filed in San Francisco Superior Court, the...
May 28, 2024
Shared-workspace company WeWork has faced significant challenges in recent years, including bankruptcy and the ousting of its co-founder Adam Neumann. Neumann, who had been trying to regain control of the company since his resignation under pressure from the board in 2019, has now given up on buying WeWork, The Wall Street Journal reported Tuesday (May […]
February 06, 2024
The founder of bankrupt co-working startup WeWork reportedly hopes to buy back the company. Adam Neumann and other investors have been trying to get information from the company since late last year...
May 05, 2020
WeWork Co-founder Adam Neumann has launched a legal battle with his company’s biggest investor, SoftBank Group Corp., charging that it has wrongfully reneged on a bailout deal. Neumann, WeWork’s former...
February 10, 2020
Marcelo Claure, the executive chairman at embattled company WeWork, said in an interview that former CEO Adam Neumann didn’t leave the company with more than $1 billion, as was reported,...
