This story originally appeared on Business Insider.
WeWork cofounder Adam Neumann is exploring an offer to buy the now-bankrupt company, The New York Times’ DealBook first reported.
DealBook published a letter sent to WeWork’s lawyers by Alex Spiro, an attorney who has also represented Elon Musk.
The letter says Neumann’s new real-estate company, Flow Global, is partnering with capital providers including Dan Loeb’s Third Point.
Neumann has met with WeWork several times since December to discuss buying it or its assets or providing it with financing, per the letter.
The letter says that includes a formal proposal for a $200 million debtor-in-possession agreement.
It also accuses WeWork of failing to properly engage with Neumann’s
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