
Bain to take ChinData private in $3.16 billion deal
Deal to close by Q4 of 2023 or Q1 2024
Deal to close by Q4 of 2023 or Q1 2024
Investment firm tells operator it intends to focus on own take-private deal
Bidding war begins for Chinese operator
First 16MW phase due live in 2025
Investment firm looks to reclaim stake it floated in 2020
Company rides investment wave to splash out fiber deployment
Joins Vnet as target of potential bidding
ChinData subsidiary acquires facility from local logistics real estate company WHA
Reason not given
ChinData’s Asia unit expands into Johor
The data center will serve the company's main tenent, ByteDance
But it hosts Douyin, not TikTok
Big bucks for Bain-backed builder?
Valuing the business at $3.1 billion
Could raise $500 million, according to Bloomberg
The sale will net the investor nine data centers across China
New investors aim to take company public again