Meaning of data room | Babel Free

Definitions

A space used for housing data, usually of a secure or privileged nature in the context of mergers and acquisitions.

Examples

“The best way to respond to a due diligence request is to prepare and set up a data room by the seller and its advisors. […] A data room is a physical or electronic data pool that contains a variety of essential information about the target company that the seller wants to make available to potential buyers for analysis.”

CEFR level