More new drama in the saga of We Work. This time former CEO Adam Newman

submitting an offer to buy the now bankrupt co-working company for more than

five hundred million dollars. Dear D'Ribosa has details. now bankrupt working company for more than $500 million.

Deirdreboza has details in today's Tech Check.

We're going to need some sequels on all those series and documentaries.

Yeah, this is like the series that doesn't end. So Newman, yes, he is still trying to buy back. We work, but let me just say this is far from a done deal. For starters, financing is still unclear. A spokesperson from FLO that is

Newman's current startup says that two weeks ago a coalition of half a dozen

financing partners submitted a potential bid. Potential being the keyword here

meaning conditional. A source tells me

that Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie Wie W

that is public. Its latest 8K filing shows

$10.8 billion in assets, $9.8 billion in liabilities. In January, the company

brought in about 90 million in revenue and lost $150 million.

Bottom line, this is a company that's still struggling and bleeding cash.

To buy the company out of bankruptcy, a source tells C. M. C.

that Newman's bid could go up to $900 million,

raising the question, where does that money come from and who are those dozen

financing partners? Newman, Norflow, are willing to say, and I can rule out Dan Lobe's third

point who was mentioned in a letter last month as a potential partner, but there's

one big name that has given money to Newman post-Wework in Plocean and that is Silicon Valley

VC and recent Horwitz. In the largest individual check the firm has ever

written in a round of funding to any company it invested about 350 million dollars at a one billion dollar

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