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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.
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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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