The Latest Breaking News from VNET

This internet data center services provider has shown remarkable growth, with its shares skyrocketing by 731% over the past six months.

The data center market is experiencing significant growth, driven by the increasing demand for cloud computing, artificial intelligence (AI), and data storage solutions. Therefore, it could be wise to consider quality data center stocks: Micron Technology, Inc. (MU), GDS Holdings Limited (GDS), and VNET Group, Inc. (VNET), which are powering…

VNET Group Inc (NASDAQ:VNET) bagged an unsolicited and preliminary all-cash buyout offer. The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch proposed to acquire VNET for $8.00 in cash per ADs, or $1.3333 per ordinary share. VNET's Q4 FY21 revenue of $273.9 million, up 29.4% year-on-year, missed the consensus of $275.9 million. EPS loss…

VNET Group (NASDAQ:VNET) is set to give its latest quarterly earnings report on Wednesday, 2022-03-30. Here's what investors need to know before the announcement. Analysts estimate that VNET Group will report an earnings per share (EPS) of $-0.22.

VNET Group (NASDAQ:VNET) will host a conference call at 09:00 AM ET on March 30, 2022, to discuss Q4 2021 earnings results. How to Attend VNET Group (VNET) Conference Call Follow this link to access the live webcast.

Key Takeaways: GDS is raising $620 million through the issue of seven-year convertible notes with a conversion price just 16% above the stock’s latest close Funds are being used to pay for an accelerated buildup of new data centers, including a new regional hub taking shape around Singapore By Doug…

Funds managed by Blackstone Inc (NYSE:BX) Blackstone Tactical Opportunities have agreed to invest in VNET Group Inc (NASDAQ:VNET). Blackstone looks to purchase VNET's $250 million of convertible notes having a term of five years and carry interest at 2% per annum. The Notes are convertible into the VNET's ADSs, each representing six shares, at $11.00 per…