WeWork reaches settlement with creditors, rebuffs Neumann's $650m bid

WeWork reaches settlement with creditors, rebuffs Neumann's $650m bid

Photographer: Jason Alden/Bloomberg via Getty Images

Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 million offer from co-founder and former owner Adam Neumann.