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What is a Data Room & Why We Need Them

Discussion in 'Blogging' started by xtech, May 29, 2016.

  1. xtech

    xtech Newbie

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    Data rooms are primarily used for the sale of a business. A http://en.wikipedia.org/wiki/Data_room is a secure room where hard copies of corporate documents are kept for confidential review. Prospective buyers will schedule time in the “http://junaidshahid.com/blog/ranked-virtual-data-room-providers/” to perform comprehensive due diligence on the business or assets they were potentially buying. With traditional data rooms, the buyer has to travel (often fly) to the secure location. They then spend long-hours, and often days, sifting through thousands of documents. If there is more than one buyer, then each buyer will have to schedule certain days for “data room” or secure deal room access.
    http://junaidshahid.com/blog/what-is-a-data-room
    http://en.wikipedia.org/wiki/Data_room
     
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  2. TimeWarped

    TimeWarped Junior Member

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    Interesting news, welcome to the fourms.
     
  3. Monsterer

    Monsterer Supreme Member

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    Nice info mate......... Thanks for the share.