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Market
WeWork's Business Focus by Year-End 2024
4
Resolution / Starting Odds
Co-working spaces • 25%
Real estate technology • 25%
Virtual office solutions • 25%
Other diversification • 25%
WeWork's strategic plan disclosures and major business news
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
Expansion in existing markets • 25%
Consolidation of current assets • 25%
Diversification into new business areas • 25%
Cost reduction and efficiency improvements • 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%
Retained and operational • 33%
Sold to another company • 33%
Dissolved • 34%
None • 25%
1-5 locations • 25%
6-10 locations • 25%
More than 10 locations • 25%
Existing investors like SoftBank • 33%
New private investors • 33%
Public market funding • 34%