Green Revolution - How data centres are answering to the global climate emergency
In the face of the global climate emergency and the European energy crisis, data centres are under increasing pressure to reduce their carbon footprint and enh...
The race for one of China’s largest digital infrastructure players heats up as bidders go head to head in an attempt to outbid each other’s in a bid to scope up data centre assets.
Founder and Editor, The Tech Capital
4 Mins
September 13, 2022 | 2:21 PM BST
Chinese digital infrastructure player VNET Group, Inc. (Nasdaq: VNET) has confirmed that its Board of Directors has received a preliminary non-binding proposal letter from Josh Sheng Chen, founder of the company and the executive chairman of the Board, proposing to acquire all of the outstanding ordinary shares of the company for US$8.20 in cash per American depositary share (ADS), or approximately US$1.3667 per ordinary share.
Founder and Editor, The Tech Capital
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