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Vnet founder withdraws acquisition offer
Jul 20, 2024 | Posted by Abdul-Rahman Oladimeji | China
Josh Sheng Chen, co-chairperson and CEO of Chinese data center firm Vnet (formerly 21Vianet) has withdrawn his offer to acquire all outstanding shares of the company which he made in September 2022. Josh Sheng Chen said: “I withdrew my privatization proposal as I believe that maintaining Vne...