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VNET’s founder calls for ‘buyout consortium’ as CEO resigns

The company has engaged Wilson Sonsini Goodrich & Rosati as the international legal counsel to the now launched MBO Consortium.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

September 18, 2022 | 10:44 PM BST

VNET’s founder calls for ‘buyout consortium’ as CEO resigns

Samuel Yuan-Ching Shen, VNET's now formar CEO. Source: VNET

The acquisition of Chinese digital infrastructure player VNET Group, Inc. (Nasdaq: VNET) continues to deliver seismic shifts as its founder calls for the creation of a consortium to acquire the company, and the group’s chief executive hands over his resignation.

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João Marques Lima

Founder and Editor, The Tech Capital

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