WeWork founder Neumann wants bankruptcy court’s help in bid to repurchase company

WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to reacquire the coworking business, saying Monday that WeWork’s management should engage in talks or be forced to cede control of the company’s restructuring.

WeWork said Tuesday that it was focused on finalizing a deal with its existing lenders that would allow the company to exit from bankruptcy within “the coming weeks.” It did not respond to questions about Neumann’s bid. “We do not have an actual path to a sale here,” Foster told Sherwood at a hearing in Newark, New Jersey.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork founder Neumann wants bankruptcy court's help in bid to repurchase companyWeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to re-acquire the coworking business, saying Monday that WeWork's management...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

WeWork Creditors Demand Company Negotiate with Potential BuyersCoworking giant WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder Adam Neumann, as well as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing.
Source: BNNBloomberg - 🏆 83. / 50 Read more »