Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann has now hatched a plan to buy it out of bankruptcy. In a letter to WeWork’s advisors obtained by The New York Times, Neumann and his new real estate business Flow Global express interest in buying the co-working space solution — but claims WeWork has been ignoring attempts to get more information so they can come up with a bid.
Neumann and his real estate company Flow Global have been exploring a purchase of WeWork since December 2023, with the help of funding from Dan Loeb’s hedge fund Third Point. However, as noted in the letter written by Neumann’s attorney, Alex Spiro — the same person who represents Elon Musk — WeWork doesn’t seem interested in…