Shared services provider IWG has acquired New Zealand co - working firm BizDojo , which was facing financial problems . The start - up 's decision to open four sites in Auckland last year was too ambitious , according to one of its main shareholders , and it was already facing bankruptcy before the sale was completed . A subsidiary , BizDojo Auckland , was liquidated in January , owing NZD341,000 ( $ 278,000 ) to the owners of its site . The sale to IWG should allow the company 's other sites in Auckland , Wellington and Christchurch to continue operating . IWG already has 14 sites in New Zealand .
Shared workspace provider IWG has acquired New Zealand co-working firm BizDojo, which was facing financial problems. The start-up's decision to open four sites in Auckland last year was too ambitious, according to one of its main shareholders, and it was left facing liquidation before the sale was agreed. A subsidiary, BizDojo Auckland, was liquidated in January, owing NZD341,000 ($278,000) to the landlord of its site. The sale to IWG should allow the company's other sites in Auckland, Wellington and Christchurch to continue operating. IWG already has 14 sites in New Zealand.