May 28 (Reuters) -

WeWork ( WEWOQ ) founder and former CEO Adam Neumann has ended his bid

to acquire the bankrupt shared office space provider,

the New York Times Dealbook reported on Tuesday.

Earlier this year, Reuters reported that Neumann's new

real estate venture, Flow Global, had submitted a bid of more

than $500 million to take over WeWork ( WEWOQ ) and its assets.

"For several months, we tried to work constructively

with WeWork ( WEWOQ ) to create a strategy that would allow it to thrive.

Instead, the company looks to be emerging from bankruptcy with a

plan that appears unrealistic and unlikely to succeed," Neumann

said in his statement to DealBook.

WeWork ( WEWOQ ), with over $13 billion in long-term leases, filed

for Chapter 11 bankruptcy protection in 2023 in order to

renegotiate these agreements.

WeWork ( WEWOQ ) did not immediately respond to a request for

comment.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Savio

D'Souza and Saumyadeb Chakrabarty)