Jun. 10, 2015, 11:03 AM
- 21Vianet (NASDAQ:VNET) chairman/CEO Josh Chen, Chinese software/cloud services firm Kingsoft (OTCPK:KSFTF), and state-owned tech investor Tsinghua Unigroup have offered to buy 21Vianet for $23/share in cash, a 15.5% premium to Tuesday's close. Shares have risen to $22 in response.
- 21Vianet's board plans to form a committee to weigh the offer. Many other Chinese firms have agreed to going-private deals over the last two years.
Aug. 11, 2014, 2:46 PM
- 21Vianet (VNET +6.8%) is acquiring Dermot Holdings, a leading provider of VPN services in China, from parent DYXnet Group. Terms are undisclosed.
- 21Vianet notes DYXnet's VPN network reaches 700+ cities in mainland China and other East Asian markets, and claims 2K+ customers. Its offerings complement 21Vianet's Web hosting, cloud infrastructure, and CDN offerings.