WeWork received a note from his lawyer stating that he approached the company in December regarding a possible agreement.
It said that WeWork, in spite of its dire financial circumstances, was opposing the notion.
WeWork stated that it was considering “the best interests” of the company and that it received bids on a “regular basis”.
“We continue to believe that the work we are currently doing – addressing our unsustainable rent expenses and restructuring our business – will ensure WeWork is best positioned as an independent, valuable, financially strong and sustainable company long into the future,” added the statement.
After a botched and ultimately unsuccessful attempt to list the firm on the stock exchange revealed WeWork’s financial vulnerabilities and prompted concerns about Mr. Neumann’s leadership, the company fired Mr. Neumann in 2019.
A few months later, WeWork was struck by the pandemic-related office closures and never fully recovered. Later, the actor Jared Leto played Mr. Neumann during his tenure at WeWork in the Apple TV series WeCrashed.
In an attempt to renegotiate contracts with its landlords, the company filed for bankruptcy in November of last year.
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In December, Mr. Neumann, who presently heads Flow, a new real estate company, reached out to WeWork regarding a potential partnership.
According to the letter from Mr. Neumann’s lawyers, WeWork first “resisted” the advances out of concern that it might damage negotiations with landlords.
WeWork eventually stated that it would take a financing proposal under consideration, but the letter stated that Mr. Neumann has not yet received information to support its offer.
Furthermore, it stated that WeWork canceled a 2022 meeting while Mr. Neumann was in the air to discuss a projected $1 billion (£790 million) in financing.
