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Hong Kong’s richest family Li, reportedly in talks to sell its data centers for over $600M

Hong Kong's richest family Li, reportedly in talks to sell its data centers for over $600M 55

PCCW, the Hong Kong telecommunications, media, and technology conglomerate controlled by billionaire Richard Li, is said to be in talks to sell its data center assets to DigitalBridge Group Inc.

The PCCW’s data center business owns 9 data centers in Hong Kong, China, and Malaysia, the deal is said to be valued over US$600 million.

Hong Kong's richest family Li, reportedly in talks to sell its data centers for over $600M 56

DigitalBridge Group Inc, a digital infrastructure investment firm, which formed from Colony Capital, has around US $32 billion of data center assets.

However, no final decisions have been made on the sale, and representatives of both parties declined to comment.

Wilfred Tan
Former journalist cum editor. I lead the content creation process at News Asia Today. From the awesome country of Malaysia.