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China data centre GDS's talks with GLP said to stall on value

Bloomberg
Bloomberg1/11/2022 03:26 PM GMT+08  • 2 min read
China data centre GDS's talks with GLP said to stall on value
GDS had wanted to use US$1.7 bil raised from a HK secondary listing in 2020 to acquire date centres across the region.
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Talks to combine GDS Holdings Ltd.’s business with GLP Pte’s data centres in China have stalled over valuation, according to people familiar with the matter.

An almost 60% stock slump in the past 12 months has made it difficult for Shanghai-based GDS to finance a cash-and-shares deal, the people said, asking not to be identified because the information is private. Talks could still resume later, the people said.

Representatives for GDS and GLP didn’t immediately respond to calls and emails seeking comment.

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