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WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company

WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company

WeWork前首席执行官亚当·诺伊曼提议出价6亿美元以重新控制破产公司
Benzinga ·  04/19 12:17

Adam Neumann is making a renewed effort to regain control of WeWork Inc (OTC:WEWOQ) (OTC:WEWKQ) as the company struggles to secure funding and avoid a sale amid bankruptcy proceedings.

亚当·诺伊曼正在重新努力收回对WeWork Inc(场外交易代码:WEWOQ)(场外交易代码:WEWKQ)的控制权,因为该公司在破产程序中难以获得资金和避免出售。

Since filing for bankruptcy in November, WeWork has been engaged in court-led restructuring, primarily focusing on renegotiating leases, but its financial challenges persist.

自11月申请破产以来,WeWork一直在进行法院主导的重组,主要侧重于重新谈判租约,但其财务挑战仍然存在。

Running short of cash, WeWork needs up to $400 million in fresh funding to emerge successfully from bankruptcy.

由于现金短缺,WeWork需要高达4亿美元的新资金才能成功摆脱破产。

Failure to secure new investment could force the company to consider a sale, the Financial Times noted, citing insiders.

《金融时报》援引内部人士的话指出,未能获得新的投资可能会迫使该公司考虑出售。

Also Read: From London To Wall Street: WeWork Rival IWG Reportedly Eyes US Listing For Enhanced Valuation.

另请阅读:从伦敦到华尔街:据报道,WeWork的竞争对手IWG计划在美国上市以提高估值。

Neumann, the former CEO of WeWork who stepped down in 2019, put forth a conditional offer of approximately $600 million through his new property venture, Flow.

WeWork前首席执行官诺伊曼于2019年辞职,他通过其新房地产企业Flow提出了约6亿美元的有条件要约。

In response to the offer, Alex Spiro, an attorney for Flow, stated their readiness to outbid any other offers by 10% once confidentiality agreements are in place. WeWork aims to emerge from Chapter 11 by the end of May, emphasizing its commitment to strengthening the company with new financial investments.

Flow的律师亚历克斯·斯皮罗在回应该提议时表示,一旦保密协议生效,他们准备出价比任何其他报价高出10%。WeWork的目标是在5月底之前脱离第11章,强调其对通过新的金融投资加强公司的承诺。

Rithm Capital and Leonard Blavatnik's Access Industries have initially talked with Neumann regarding backing a bid for WeWork. However, skepticism looms among some of the company's major lenders and advisors due to Neumann's past leadership challenges.

Rithm Capital和伦纳德·布拉瓦特尼克旗下的Access Industries最初与诺伊曼就支持竞标WeWork进行了会谈。但是,由于诺伊曼过去面临的领导层挑战,该公司的一些主要贷款人和顾问持怀疑态度。

WeWork's aggressive approach to renegotiating leases, including withholding post-petition rent, significantly reduced long-term lease obligations. However, cash shortages persist, complicating negotiations with creditors and potential investors.

WeWork 积极地重新谈判租约,包括预扣申请后的租金,大大减少了长期租赁义务。但是,现金短缺持续存在,使与债权人和潜在投资者的谈判复杂化。

The ongoing search for cash has created a dilemma for WeWork's creditors, who face diluted stakes in the reorganized company. Meanwhile, new funding requirements allow Neumann and other potential bidders to influence the company's future.

持续的现金搜寻使WeWork的债权人陷入了两难境地,他们面临着重组后公司的股份摊薄。同时,新的资金要求允许诺伊曼和其他潜在竞标者影响公司的未来。

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

免责声明:此内容部分是在人工智能工具的帮助下制作的,并由Benzinga的编辑审阅和发布。

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