The Latest Breaking News from Chindata

VNET Slashes Expansion Plans as Private Equity Buyout Remains in Play

Key Takeaways: VNET has slashed its plans for new cabinet installations this year by 30% and lowered its revenue outlook by a more modest 2.6% The company has hired Citigroup to advise it on a buyout offer led by Hina Group from April this year By Doug Young

Benzinga · Sep 6, 2022

Chindata Potentially Up for Sale as M&A Heats Up in China Data Centers

Key Takeaways: Data center operators GDS and EdgeConneX have reportedly expressed interest in making bids for Chindata Chindata’s control by U.S. private equity giant Bain and the recent departure of its founder may make it ripe for such a buyout By Doug Young   

Benzinga · Apr 25, 2022

VNET Finally Gets Some Respect from Unsolicited Suitor

Key Takeaways: VNET has received an unsolicited buyout offer that is 50% higher than its previous stock price, sparking a 30% surge in its shares Company is the relative laggard among China’s three major independent data center operators despite its status as the oldest of the group By Doug Young

Benzinga · Apr 12, 2022