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Stock Market & Financial Investment News

News Breaks
February 5, 2013
09:06 EDTVNET21Vianet commences construction of one of China's largest data centers
21Vianet Group announced that the company has commenced construction of a new data center in the Daxing District of Beijing. The new data center, which will be built in two phases contingent on market demand, will be one of the largest data centers in China as measured by cabinet capacity. It will occupy a gross area of approximately 452,000 square feet once fully completed. The first phase of this data center, which is expected to be fully operational by the end of 2013, will be capable of hosting more than 3,000 cabinets. At full capacity, the data center will host a total of over 5,000 cabinets. The data center will be wholly operated and owned by 21Vianet.
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July 22, 2015
10:15 EDTVNETOptions with decreasing implied volatility
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09:57 EDTVNETKingsoft enters consortium agreement for proposed 21Vianet buyout
Kingsoft Corporation announced that it, Josh Sheng Chen and Tsinghua Unigroup entered into a consortium agreement in connection with the proposed acquisition of 21Vianet. Pursuant to the agreement, the buyer group proposes to form a new company and to cause the holding company to form a wholly-owned subsidiary, and at the closing of the proposed acquisition, the buyer group intends that the merger subsidiary will be merged with and/or into 21Vianet, with either 21Vianet or the merger subsidiary being the surviving company and becoming a wholly-owned subsidiary of the holding company. The buyer group submitted a non-binding proposal letter on June 10 to 21Vianet to acquire all of the outstanding ordinary shares of 21Vianet not already owned by the group.
July 20, 2015
10:13 EDTVNETOptions with decreasing implied volatility
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