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WeWork rejects Adam Neumann's $650 mn bid, settles with creditors
short by Debaroti Adhikary / on Tuesday, 30 April, 2024
Shared office space provider WeWork on Monday announced it has settled with its creditors with a new bankruptcy deal. The new deal would see $450 million in new funding from SoftBank. The firm thereby rejected co-founder and former owner Adam Neumann's $650-million offer to buy back the company. WeWork had filed for bankruptcy in November 2023.
read more at Reuters