Adam Neumann Gives Up Bid to Buy Back WeWork -- 2nd Update

Dow Jones05-29

A bankruptcy court in Newark is expected to consider approving WeWork's proposed chapter 11 plan later this week. "Adam Neumann Gives Up Bid to Buy Back WeWork" at 11:02 a.m. and updates at 1:11 p.m. and 1:53 p.m. ET incorrectly said that a bankruptcy court approved WeWork's plan in April.

(END) Dow Jones Newswires

May 28, 2024 14:59 ET (18:59 GMT)

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Neumann, a former baby-clothes entrepreneur, co-founded WeWork in 2010 with Miguel McKelvey. The startup raised billions from investors, rapidly building a global network of co-working spaces.Charismatic and turbulent, Neumann was the driving force behind WeWork's rise. He marketed the Millennial-leaning, desk-leasing company as a tech business like Uber and Facebook that would become a dominant force in the property sector.Neumann courted banks and venture-capital investors, propelling the company's valuation to rise as high as $47 billion by early 2019, becoming the country's most v","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4233":"房地产运营公司"},"translate_title":"亚当·诺伊曼放弃回购WeWork——第二次更新","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEWKQ":0.9},"content_text":"A bankruptcy court in Newark is expected to consider approving WeWork's proposed chapter 11 plan later this week. \"Adam Neumann Gives Up Bid to Buy Back WeWork\" at 11:02 a.m. and updates at 1:11 p.m. and 1:53 p.m. ET incorrectly said that a bankruptcy court approved WeWork's plan in April. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 28, 2024 14:59 ET (18:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439258546"}