Why 21Vianet Group Stock Is Spiking Today

Shares of 21Vianet Group, Inc. (NASDAQ: VNET), a China-based internet data center service provider, were rising today after the company received a $150 million investment from Blackstone (NYSE: BX). Shares were up as much as 20% on the news.

As of 1:42 p.m. EDT, the company's stock was up 12.5%.

Investors were pleased to see that Blackstone, one of the world's leading investment firms, is investing $150 million in 21Vianet Group, which will make the firm one of the company's largest institutional stockholders.

Source Fool.com