TPG Pursues Five Billion Dollar Ark Deal
Global asset manager TPG is in discussions to purchase British data centre operator Ark from Elliott Investment Management. The potential transaction values the target at approximately five billion dollars.
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TPG INC is in talks to acquire British data centre operator Ark from Elliott Investment Management at a valuation of $5 billion, according to the Financial Times. The potential transaction follows previous evaluations by Elliott Investment Management to divest the unit for more than $4 billion. Data centre valuations continue to surge as institutional investors target infrastructure capable of supporting surging artificial intelligence workloads.
