Microsoft Pulls Out of Giant British AI Cloud Deal Just As Cloud Company Was Expecting to IPO — Live Feedhttps://www.live-feeds.com/feed/microsoft-pulls-out-of-giant-british-ai-cloud-deal-just-as-cloud-company-was-expecting-to-ipoContinuously updated, source-cited coverage. Microsoft Cancels Major UK AI Data Center Deal With Nscalehttps://www.live-feeds.com/feed/microsoft-pulls-out-of-giant-british-ai-cloud-deal-just-as-cloud-company-was-expecting-to-ipohttps://www.live-feeds.com/feed/microsoft-pulls-out-of-giant-british-ai-cloud-deal-just-as-cloud-company-was-expecting-to-ipo#u150079Fri, 23 Oct 2026 14:22:48 +0000Microsoft has terminated its data center agreement with British cloud provider Nscale, dealing a significant blow to the company as it prepares for an initial public offering. The canceled deal centered on a new facility in Loughton, Essex, which was slated to feature Microsoft as its key client renting the use of Nvidia chips. Reporting indicates the venture faced complications, including delays and power-supply issues, pushing the expected online date to 2030 or later. Nscale had anticipated a valuation following its public debut reaching into the billions.Why it mattersThe cancellation serv