Market Chatter: Microsoft Pulls Out of UK Data Center Deal With Nscale

MT Newswires Live10-19 16:18

Microsoft (MSFT) has withdrawn from a data center deal in the UK with Nscale, Bloomberg News reported Sunday, citing an Nscale spokesperson.

The project has been hampered by power shortage issues and construction delays, according to the report.

The development could serve as a headwind for British neocloud firm Nscale's upcoming US initial public offering, Bloomberg reported.

Nscale's relationship with Microsoft continues to be "strong and long-term," the news outlet reported, citing an Nscale spokesperson.

The companies didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment