Neumann’s financing was not instantly clear, though individuals accustomed to the matter instructed CNBC that Dan Loeb’s Third Level was not concerned within the provide. Neumann’s counsel had beforehand stated that Loeb’s funding agency was backing the WeWork founder’s provide, however Third Level disputed that assertion in a previous assertion.The uncertainty over Neumann’s financing, coupled together with his monitor file on the firm, may dampen WeWork’s receptiveness to his provide. Neumann, his household workplace Nazare and his Andreessen Horowitz-backed actual property enterprise Circulate filed a discover of look in WeWork’s chapter docket on Monday.”Two weeks in the past, a coalition of half a dozen financing companions — whose identities are identified to WeWork and its advisors — submitted a possible bid for considerably extra” than the initially reported $500 million, a Circulate spokesperson stated in an announcement. Circulate didn’t reply to CNBC’s request for remark relating to the $900 million potential bid.The provide comes weeks after it emerged Neumann had renewed curiosity in taking again the corporate he was ousted from 5 years in the past. WeWork filed for chapter in 2023 after years of struggles, and has been working with chapter advisors to restructure and streamline the enterprise.”As we have stated beforehand, WeWork is a rare firm and it is no shock we obtain expressions of curiosity from third events frequently. Our Board and our advisors assessment these approaches within the extraordinary course, to make sure we at all times act in the very best long-term pursuits of the corporate,” a WeWork spokesperson stated Monday in an announcement.Neumann’s bid, which was first reported by The Wall Road Journal, might complexify WeWork’s chapter proceedings. The corporate is in search of to reject quite a few leases, which means it could have the ability to stroll away from longer-term commitments in much less profitable markets. A few of WeWork’s lessors have fought these efforts.