Adam Neumann seeks control of WeWork

WeWork co-founder Adam Neumann is considering purchasing the bankrupt company, 

Alex Spiro, an attorney representing Neumann, sent a letter to WeWork's lawyers outlining the potential acquisition.

Neumann's new real estate venture, Flow Global, is collaborating with investors such as Dan Loeb's Third Point.

Discussions between Neumann and WeWork have been ongoing since December.

Exploring options including acquisition, asset purchase, or financing.

Neumann's proposal includes a $200 million debtor-in-possession agreement.

WeWork is accused of not adequately engaging with Neumann's acquisition attempts by withholding requested information.

WeWork's downfall began during its failed IPO preparations in 2019, leading to Neumann's resignation as CEO.

Neumann's potential return parallels Steve Jobs' comeback to Apple after his departure in 1985 to start NeXT.

Jobs' return to Apple in 1997 resulted in significant innovations like the iPhone, shaping the company's future.

WeWork stated they assess external inquiries with the company's best interests in mind, while focusing on restructuring efforts to ensure long-term sustainability.