(New York) Former WeWork executive Adam Neumann recently filed a $500 million takeover offer for the shared office group he co-founded and from which he was let go five years ago. years.
An offer was recently submitted on the troubled group by Adam Neumann for a minimum of $500 million, with a potential of up to $900 million, according to the Wall Street Journal and CNBC on Monday who cite sources close to the matter.
Last month, the controversial former boss of WeWork indicated that he had joined forces with other investors in this project, notably Flow Global Holdings and the managing director of the alternative investment company (hedge fund) Third Point, Daniel Loeb .
Currently in receivership, WeWork filed for bankruptcy last November.
At its peak in early 2019, the start-up was valued at up to $47 billion and planned to go public the same year.
But investors quickly became concerned about WeWork’s economic model and its unbridled growth, but also about the reliability of Adam Neumann as boss.
A charismatic figure, Mr. Neumann was known for his abrupt and sometimes unmotivated decisions, his whims and his excesses.
In September 2019, the board of directors landed him, shortly after the postponement of the IPO.
WeWork was then shaken up by the COVID-19 pandemic, which emptied part of the offices and from which it never really recovered.