CC Capital will not make a takeover bid for IWG plc (LSE:IWG), the U.S. private equity firm said on June 29, 2021, following a media report of deal talks between the two. Shares of the company, that competes with WeWork, jumped as much as 8% on hopes of a bid after the Sky News report, and pared gains to trade 2.4% higher by 0840 GMT. The report said IWG was in secret talks about a potential takeover offer that could value the British company at more than GBP 4 billion.