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A letter his lawyers sent to WeWork’s advisers this week says Neumann’s new real-estate company Flow Global has financing support from Dan Loeb’s hedge fund Third Point for the bid.
WeWork lawyers indicated the company’s need for more liquidity to get through the bankruptcy proceedings during a bankruptcy court hearing on Monday. The letter said the current financial crunch was caused by the management’s lack of ability to “explore alternatives” for financial support.
https://www.wsj.com/articles/adam-neumann-looks-to-buy-back-wework-86ee5f2b
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