Hints and tips:
...While Son and SoftBank were able to back out of the debt deal, Neumann and WeWork’s board sued to enforce the tender....
...Neumann, who resigned as WeWork’s chief executive in 2019, has been courting potential investors for months to finance his effort to regain control of the company....
...The Wall Street Journal first reported Neumann’s preliminary offer for WeWork....
...The company has not yet played ball, according to Neumann’s lawyers at Quinn Emanuel....
...DD’s Ortenca Aliaj and Eric Platt learned that Neumann sat down with Third Point and SoftBank in October to discuss a potential deal, but there was no agreement and WeWork was largely focused on renegotiating...
...Neumann has been paid out handsomely by SoftBank over the years....
...Flow is Neumann’s new real estate company. He did not respond to request for comment on the bid. Additional reporting by Eric Platt Read more here...
...It might seem like a kick in the teeth for Eric Swider, the new CEO of the Spac, who got the deal over the line....
...It dropped the offering and Neumann departed that year as chief executive. In 2021, WeWork and SoftBank paid several hundred million dollars to settle litigation with Neumann that followed his exit....
...WeWork has filed for bankruptcy protection, a humbling fall for the co-working start-up co-founded by Adam Neumann and backed by billions of dollars from Japan’s SoftBank....
...We reported on this with my colleague Eric Platt. When WeWork went into bankruptcy, they had to wire another $1.5bn. Ethan WuRight, bankruptcy financing. Ortenca AliajRight. Exactly....
...Adam Neumann is back, with a lot to say on… defence and national security?...
...committed to invest in the company since 2017 to more than $16bn in what’s undoubtedly one of the worst venture capital investments in history, an analysis of filings with securities regulators by DD’s Eric...
...“Without you, we’d just be Netflix,” Fox Sports chief executive Eric Shanks told advertisers this week in lower Manhattan, where a succession of Fox executives touted their programming — and took jabs at...
...Under the settlement, SoftBank agreed to buy $1.5bn of stock from Neumann, earlier WeWork investors including the venture capital firm Benchmark and employees....
...Mr Claure, who is credited with turning round US wireless carrier Sprint and negotiating its merger with rival T-Mobile, was installed as chairman in October after WeWork co-founder Adam Neumann stepped...
...WeWork, SoftBank and Mr Neumann declined to comment....
...Eric Sondergaard, chief operating officer at Greenland Gas and Oil, concedes the scheme was not “perfect” and that it would have been better if an oil producing company was “turning off the flow of oil or...
...The talks are continuing and the exact sum Neumann and others receive could change....
...Adam Neumann, the company’s controversial co-founder, stepped down as chief executive amid the fallout....
...Representatives for WeWork, Mr Neumann and the special committee declined to comment....
...Smart reads WeCrash Adam Neumann dreamt up a run-of-the-mill real estate plan into an empire SoftBank’s Masayoshi Son once prophesied would reach $10tn by 2028....
...Last week he struck back at Culkin, who replaced him as chair, and others on the board who helped remove him by wielding his majority voting power to install activist investor Eric Singer on the board....
...Eric Platt is the FT’s US mergers and acquisitions correspondent. Andrew Edgecliffe-Johnson is the FT’s US business editor....
...Benchmark, Mr Neumann and other investors were expected to sue over the collapse of the deal, according to people briefed on the matter....
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