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Market
WeWork's Market Presence in Major Cities by 2024
4
Resolution / Starting Odds
Expanded • 25%
Maintained • 25%
Reduced • 25%
Eliminated • 25%
Official WeWork announcements or credible commercial real estate reports
Story
Adam Neumann Ends Bid to Acquire Bankrupt WeWork Once Valued at $47 Billion
May 28, 2024, 03:03 PM
Adam Neumann, co-founder and former CEO of WeWork, has ended his bid to acquire the bankrupt shared office space provider, WeWork, according to the New York Times Dealbook. Neumann, who stepped down as CEO in 2019, had been attempting to buy back the company he helped found in 2010 and build into a global enterprise valued at $47 billion before it fell into bankruptcy last year. He cited the company's bankruptcy plan as unrealistic. WeWork filed for bankruptcy in November.
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Similar markets
Co-working spaces • 25%
Real estate technology • 25%
Virtual office solutions • 25%
Other diversification • 25%
Expansion in existing markets • 25%
Consolidation of current assets • 25%
Diversification into new business areas • 25%
Cost reduction and efficiency improvements • 25%
Under 500 • 25%
500-700 • 25%
701-900 • 25%
Over 900 • 25%
None • 25%
1-5 locations • 25%
6-10 locations • 25%
More than 10 locations • 25%
Below $100 million • 25%
Between $100 million and $300 million • 25%
Between $300 million and $500 million • 25%
Above $500 million • 25%
Existing investors like SoftBank • 33%
New private investors • 33%
Public market funding • 34%