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Startups & Venture·October 28, 2026·1 min read

Sources: TPG is in talks to acquire UK-based Ark Data Centres, which operates 27 data centers in the UK and Belgium, from Elliott Management at a ~$5B valuation

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A ~$5 billion bid for a 27-site data center operator underscores that power, land, and permits in stable jurisdictions are now financial assets tightly coupled to AI demand. If you’re planning large-scale AI deployments in Europe, treat colo and data center partners as long-term strategic bets, not interchangeable vendors.

Startups & Venture

Sources: chipmaker Onsemi is in talks to acquire 16-year-old chip startup Ferric for ~$1B; PitchBook: Ferric last raised a $32.1M Series C in December 2024

If a power-management chip startup last valued off a $32.1M Series C is now in ~$1B acquisition talks, niche analog and power IP is being repriced as strategic AI infrastructure. Hardware teams with real differentiation in power, packaging, or interconnect should expect more buy-or-build interest from incumbents trying to lock in their AI-era stack.