- U.S.-listed Chinese data center company VNET Group, Inc (NASDAQ:VNET) bagged a preliminary non-binding takeover proposal from its founder in September.
- Buyout firms CDH Investments, MBK Partners, and PAG also considered bids for VNET, Bloomberg reported.
- China Merchants Group Ltd weighed a takeover offer for Chinese data center operator Chindata Group Holdings Ltd.
- The state-owned conglomerate studied a potential bid for the Bain Capital-backed business.
- China Merchants Group reached out to prospective investors, including infrastructure funds, about backing a deal.
- Shanghai-based competitor GDS Holdings Limited (NASDAQ: GDS) and PAG, which launched a digital infrastructure platform last year, explored offers for the business.
- EQT AB-backed peer EdgeConneX studied a bid.
- Price Action: VNET shares traded higher by 11.8% at $5.10 on the last check Wednesday.
TSMC Sets Sights on Japan for Next-Gen Chip Manufacturing, Boosting Global Tech Leadership
TSMC is diversifying chip production beyond Taiwan with a new plant in Japan, aiming to increase global production capacity to 300k wafers/month by 2028.
