Adam Neumann and partners offer more than $766m for WeWork

Adam Neumann and several partners submitted an offer to buy WeWork out of bankruptcy for more than $US500 million ($766 million), putting one of the tech world’s most controversial founders a step closer to regaining control of his long-troubled start-up.

Mr Neumann and his real estate firm, Flow, had pulled together a financing package for the co-working firm in February. Mr Neumann is now offering to buy the company for more than $500 million, The Wall Street Journal reported last week, citing people familiar with the matter.

Bloomberg