Japan's NEC Weighing $500 Million Data Center Sale, Sources Say [Yahoo! Finance]
RENESAS ELECTRON UNSP/ADR (RNECY)
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Source: Yahoo! Finance
Most Read from Bloomberg Putin Says Ukraine Deal Requires Security Pledges for Russia US House Passes Bill That Would Force TikTok Sale or Ban It Ukraine Hits Third Russian Refinery in Escalating Drone Strikes Ex-Wall Street Banker Takes On AOC in New York Democratic Primary Physical Intelligence Is Building a Brain for Robots The Tokyo-traded company is looking to hire financial advisers to help prepare a potential sale of the business, which could be valued at $400 million to $500 million, the people said, asking not to be identified because the deliberations are private. Other data center operators and infrastructure-focused funds have shown preliminary interest in the assets, the people said. Considerations are preliminary and a formal sale process may not kick off until later this year, the people said. NEC could also decide to retain a minority stake in the business or even keep the assets for longer, the people said. A representative for NEC declined to comment
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