TPG pursues $5 billion acquisition of British data centre group Ark: FT
TPG, a major alternative asset manager, is negotiating the acquisition of Ark, a British data centre operator, from current owner Elliott Investment Management at a valuation around $5 billion. The deal reflects continued consolidation in the data centre industry as cloud and AI infrastructure demand grows.
Key points
- TPG pursuing $5 billion acquisition of British data centre group Ark
- Ark currently owned by Elliott Investment Management
- Deal reflects ongoing consolidation in data centre sector
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