Representatives for GDS and GLP didn’t immediately respond to calls and emails seeking comment.
Talks to combine GDS Holdings Ltd.’s business with GLP Pte’s data centres in China have stalled over valuation, according to people familiar with the matter.
An almost 60% stock slump in the past 12 months has made it difficult for Shanghai-based GDS to finance a cash-and-shares deal, the people said, asking not to be identified because the information is private. Talks could still resume later, the people said.
