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Data room

   Also found in: Wikipedia 0.01 sec.
Data room
A secure (physical or online) location containing confidential documents to provide investment banks and potential acquirers with necessary information for due diligence.


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One of the crucial phases of selling a business occurs when the seller, usually supported by advisors, establishes a data room to permit one or more investors to perform detailed due diligence.
Mr Llambias said: "The data room will be open on Wednesday, which will allow the groups who have proved they have the money to buy the club to look at the books.
The data room will be open on Wednesday, which will allow the groups who have proved they have the money to buy the club to look at the books.
 
 
 
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