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
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.
亞當·諾伊曼正在重新努力收回對WeWork Inc(場外交易代碼:WEWOQ)(場外交易代碼:WEWKQ)的控制權,因爲該公司在破產程序中難以獲得資金和避免出售。
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月申請破產以來,WeWork一直在進行法院主導的重組,主要側重於重新談判租約,但其財務挑戰仍然存在。
Running short of cash, WeWork needs up to $400 million in fresh funding to emerge successfully from bankruptcy.
由於現金短缺,WeWork需要高達4億美元的新資金才能成功擺脫破產。
Failure to secure new investment could force the company to consider a sale, the Financial Times noted, citing insiders.
《金融時報》援引內部人士的話指出,未能獲得新的投資可能會迫使該公司考慮出售。
Also Read: From London To Wall Street: WeWork Rival IWG Reportedly Eyes US Listing For Enhanced Valuation.
另請閱讀:從倫敦到華爾街:據報道,WeWork的競爭對手IWG計劃在美國上市以提高估值。
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前首席執行官諾伊曼於2019年辭職,他通過其新房地產企業Flow提出了約6億美元的有條件要約。
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的律師亞歷克斯·斯皮羅在回應該提議時表示,一旦保密協議生效,他們準備出價比任何其他報價高出10%。WeWork的目標是在5月底之前脫離第11章,強調其對通過新的金融投資加強公司的承諾。
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和倫納德·布拉瓦特尼克旗下的Access Industries最初與諾伊曼就支持競標WeWork進行了會談。但是,由於諾伊曼過去面臨的領導層挑戰,該公司的一些主要貸款人和顧問持懷疑態度。
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 積極地重新談判租約,包括預扣申請後的租金,大大減少了長期租賃義務。但是,現金短缺持續存在,使與債權人和潛在投資者的談判複雜化。
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.
持續的現金搜尋使WeWork的債權人陷入了兩難境地,他們面臨着重組後公司的股份攤薄。同時,新的資金要求允許諾伊曼和其他潛在競標者影響公司的未來。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。
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譯文內容由第三人軟體翻譯。