a real or virtual room set up by the seller of a business or company to provide potential buyers with large amounts of confidential information about the target business The law firm set up a data room in its office; it contained a large number of documents.
- They used a virtual data room (=Internet or CD Rom only) rather than a physical data room (=documents collected in an actual room).
- The information contained in the data room is highly confidential.
- The consultants needed to obtain access to the data room.
- Could you please provide us with a list of contents of the data room?