Adam Neumann wants to retake control of WeWork - voila! Of money. Last November the company filed for protection from its creditors after accumulating billions of dollars in debt.
Neumann, along with capital partners including Dan Loeb's Third Point hedge fund, have been trying for about two months to get information from WeWork needed to formulate an offer. In the event that an offer is submitted and accepted, the WeWork assets can be transferred to the new company founded by Neumann.