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Market
Total WeWork Locations Worldwide by Year-End 2024
5
Resolution / Starting Odds
Under 500 • 25%
500-700 • 25%
701-900 • 25%
Over 900 • 25%
WeWork's operational disclosures and real estate industry reports
Story
Adam Neumann Ends Bid to Reacquire Bankrupt WeWork, Once Valued at $47 Billion
May 28, 2024, 03:34 PM
Adam Neumann, the co-founder and former CEO of WeWork, has officially ended his bid to reacquire the bankrupt shared office space provider. The New York Times Dealbook reported that Neumann, who was ousted from WeWork in 2019, cited the company's bankruptcy plan as unrealistic. Neumann had been attempting to buy back the company, which he helped build into a global enterprise valued at $47 billion before it fell into bankruptcy last year. Despite efforts to work constructively with WeWork, Neumann has now abandoned his plan to regain control of the company. WeWork, which filed for bankruptcy in November, trades under the ticker $WEWKQ. Neumann's decision comes less than three weeks after signaling his acquisition ambition wasn't dead.
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Similar markets
None • 25%
1-5 locations • 25%
6-10 locations • 25%
More than 10 locations • 25%
Expanded • 25%
Maintained • 25%
Reduced • 25%
Eliminated • 25%
Below $100 million • 25%
Between $100 million and $300 million • 25%
Between $300 million and $500 million • 25%
Above $500 million • 25%
Expansion in existing markets • 25%
Consolidation of current assets • 25%
Diversification into new business areas • 25%
Cost reduction and efficiency improvements • 25%
Less than 500 • 25%
500-550 • 25%
551-600 • 25%
More than 600 • 25%
Less than 50 • 33%
50-100 • 33%
More than 100 • 34%
Retained and operational • 33%
Sold to another company • 33%
Dissolved • 34%
Below 50 • 25%
50-100 • 25%
101-150 • 25%
Above 150 • 25%