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21Vianet Group Inc Acquires Fastweb International Holdings

Thursday, 20 Sep 2012 09:00am EDT 

21Vianet Group Inc announced that it has acquired Fastweb International Holdings, a leading Internet content delivery network (CDN) services provider in China. The total consideration for the acquisition was based upon 5 to 7.35 times the average of Fastweb's 2012 and 2013 EBITDA to be paid in a combination of equity and cash, in the aggregate amount not to exceed US$20 million. With the acquisition of Fastweb, 21Vianet gains a large content delivery network with more than 150 points-of-presence, or POPs, located across China, Fastweb's proprietary CloudCDN platform software, as well as a portfolio of cloud enabling technology solutions. 

Company Quote

-0.12 -0.41%
11 Jul 2014