The data centre operator has run into trouble over its growth projects, but its existing facilities are highly prized by potential suitors.
NextDC investors are bracing for a takeover battle that would value the data centre operator at more than $7 billion after Australian property developer Goodman Group and its New York-listed partner raided the company’s shares.
Goodman and Digital Realty Trust acquired just under 8 per cent of the embattled data centre landlord in a buying spree on Wednesday afternoon, making them NextDC’s biggest combined shareholder.
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Major delays to NextDC’s flagship Melbourne facility left it vulnerable to an “opportunistic” raid by two rivals seeking to buy up to 10 per cent of the company.
One global freight operator has occupied the 8.5ha asset in the south-west since 2007—its operations grew as the site expanded...
