Adam Neumann WeWork bid faces questions over financing, business plan

Israeli-American businessman Adam Neumann speaks during The Israeli American Council (IAC) 8th Annual National Summit on January 19, 2023 in Austin, Texas.

Shahar Azran | Getty Images

Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. But it’s not clear that he has the financing and requisite support from creditors to consummate a deal.

In trying to reclaim WeWork, Neumann has to contend with a checkered past at the company, uncertainty over funding and the difficulty in valuing a business that’s midway through a restructuring process. CNBC spoke with multiple people familiar with the company and Neumann’s offer. They requested anonymity to speak freely about private matters.

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