CyrusOne Inc has reached an agreement to acquire GDS Holdings Limited for $100m

CyrusOne Inc., a premier global data center REIT, today announced the formation of a new strategic partnership with the execution of a commercial agreement with GDS Holdings Limited, a leading developer and operator of high-performance, large-scale data centers in China. With this new partnership, CyrusOne and GDS will work together to market and sell data center space and related services in both the United States and China, the two biggest economies in the world, with each already having a significant concentration of hyperscale companies. In addition, CyrusOne will purchase newly issued unregistered ordinary shares equivalent to 8.0 million American depository shares at a price per ordinary share equivalent to $12.45 per ADS, a 4% discount to the most recent closing price, for a total investment of $100 million.