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Equinix to Buy Telecity for $3.6b

Equinix to Buy Telecity for $3.6bEquinix to Buy Telecity for $3.6b

Equinix Inc., a US-based data-center operator, agreed to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion), expanding in Europe and scuttling the UK company’s planned merger with Interxion Holding NV, Bloomberg reported. Equinix is paying a mixture of cash and stock that equals 1,145 pence a Telecity share, the companies said in a statement Friday. That’s 5 percent more than the stock’s latest closing price in London. Telecity’s board is recommending the offer. The deal means Telecity’s planned combination with Interxion of the Netherlands will be terminated.

 

Financialtribune.com