TPG pursues $5 billion acquisition of British data centre group Ark, FT reports
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
Oct 28 : Global alternative asset manager TPG is in talks to buy British data centre group Ark from Elliott Investment Management at a valuation of about $5 billion, the Financial Times reported on Wednesday, citing people familiar with the matter.
Here are some details:
• Discussions are ongoing, although a deal was not guaranteed, the newspaper said
• Reuters could not verify the report. TPG and Ark Data Centres did not immediately respond to requests for comment outside business hours
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
• Ark has a joint venture with the UK Government’s Cabinet Office, called Crown Hosting Data Centres, which gives it access to all UK public data centre requirements
• Elliott, which had acquired Ark Data Centres in 2012, was exploring strategic options for the unit in a possible sale that could fetch more than $4 billion, Reuters had reported last year
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app