ADAM NEUMANN MAKES A $500 MILLION BID FOR WEWORK THAT COULD HIT $900 MILLION IF FINANCING AND DILIGENCE FIRM UP

Summary from the TLDR newsletter

Adam Neumann, former WeWork CEO, has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy. The bid could potentially go up to $900 million pending due diligence. It is unclear how Neumann will finance the offer. The bid may make WeWork's bankruptcy proceedings more complex. The company is seeking to walk away from some of its longer-term commitments in less lucrative markets, but some of its lessors are fighting these efforts.