WeWork co-founder Adam Neumann submitted an offer of more than $500 million for the company. Neumann's departure package from WeWork was once said to be worth $1.7 billion.
The company filed for bankruptcy in 2023 without ever having made a profit. Dan Loeb's Third Point hedge fund and other investors want to buy WeWork back, reports the Wall Street Journal. However, Third Point is not said to have been involved in the current offer. The hedge fund did not undertake any obligation to participate in a transaction.