China Data Center GDS’s Talks With GLP Said to Stall on Value
- GDS stock plunge makes a cash-and-shares deal challenging
- Negotiations between the two companies could resume later
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Talks to combine GDS Holdings Ltd.’s business with GLP Pte’s data centers 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.