Friday, April 12, 2019

CyrusOne Gains $200M In Sale Of Portion Of GDS Shares

Dallas-based data center operator CyrusOne has raised $200M via the sale of 5.7 million American depository shares (ADSs) of GDS Holdings Limited, the company said on Friday, two years after the CyrusOne bought a large stake in Chinese data center company GDS. CyrusOne paid around $100M for an 8 percent in GDS in October of 2017, as part of a strategic partnership. According to CyrusOne, it still holds approximately 2.3 million ADSs, valued at approximately $90M. Gary Wojtaszek, the President and CEO of CyrusOne, continues to hold a seat on the board of GDS. GDS Holdings Limited operates data center space for such companies as Alibaba, Tencent, and Baidu, among other Chinese internet giants.