Former CEO of shared office space provider was ousted from company in 2019 following botched attempt to take it public
The WeWork founder Adam Neumann has shelved his bid to acquire the bankrupt shared office space provider.
It emerged earlier this year that Neumann, who was ousted from the business in 2019 following a botched attempt to take it public on the stock market, was seeking to buy the business. His new real estate venture, Flow Global, submitted a bid of more than $500m to take over WeWork and its assets.
About Author
More Stories
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Couple who ran Swedish eco-resort say 158 barrels of human waste left behind was ‘very normal’
Porsche reports steep fall in orders from Europe and China