Flexible office space company Regus – now part of IWG – has announced it is in talks with Canadian companies Aberdeen Asset Management and Onex Corporation over a potential £ 2.5bn ( $ 3.4bn ) cash buyout of the business . if IWG is taken over for a reported £2.5billion. The shares rose by more than 50 % after the news broke . IWG had a turbulent start in the face of competition from WeWork and issued a profit warning in October . IWG founder Mark Dixon , who owns 25 % of the business , could make as much as £ 600 m from the sale . The Canadian companies have until 20 January to offer their proposal .
Flexible office space company Regus – now part of IWG – has announced it is in talks with Canadian companies Aberdeen Asset Management and Onex Corporation over a potential £ 2.5bn ( $ 3.4bn ) cash buyout of the business . The shares rose by more than 50 % after the news broke . IWG had a turbulent start in the face of competition from WeWork and issued a profit warning in October . IWG founder Mark Dixon , who owns 25 % of the business , could make as much as £ 600 m from the sale . The Canadian companies have until 20 January to offer their proposal .