Flexible office space provider Mark Dixon – now part of IWG – has said it is in talks with Canadian companies Brookfield Asset Management and Onex Corporation over a potential £ 3.4bn ($ 3.4bn ) cash buyout of the company. IWG shares rose by more than 27% after the news broke. IWG had a turbulent 2017 in the face of competition from WeWork and issued a profit warning in October . IWG founder Mark Dixon , who owns more than 27% of the business, could make as much as £600m from the sale. The Canadian companies have until October to offer their proposal.
Flexible office space provider Regus – now part of IWG – has said it is in talks with Canadian companies Brookfield Asset Management and Onex Corporation over a potential £2.5bn ($3.4bn) cash buyout of the company. IWG shares rose by more than 27% after the news broke. IWG had a turbulent 2017 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 £600m from the sale. The Canadian companies have until 20 January to offer their proposal.