TPG (TPG.US) reportedly in talks to acquire UK data center Ark, valued at around 5 billions USD
According to sources familiar with the matter, TPG is in talks with Elliott Investment Management to acquire the UK data center company Ark at a valuation of approximately $5 billion.
According to information obtained by Zhihu Finance APP, sources reveal that global alternative asset management company TPG (TPG.US) is in discussions with Elliott Investment Management to acquire UK data center company Ark at an estimated valuation of around $5 billion.
The report states that negotiations are ongoing, but the deal has not been finalized. TPG and Ark Data Centres did not immediately respond to requests for comment outside of business hours.
It is reported that Ark has a joint venture with the UK Cabinet Office called Crown Hosting Data Centres, through which Ark is able to handle all public data center service requirements for the UK government.
Last year, reports indicated that after Elliott acquired Ark Data Centres in 2012, it had been seeking strategic options for the asset, with the expected sale price at that time anticipated to exceed $4 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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