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Broadband

Equinix acquires Switch and Data for USD 683.4 mln

Tuesday 4 May 2010 | 06:48 CET | News
Data centre services provider Equinix has completed its acquisition of Switch and Data Facilities Company in a transaction valued at USD 683.4 million. The transaction comprised of a cash payment of approximately USD 134 million and the issuance of approximately 5.5 million shares of Equinix common stock valued at USD 549.4 million based on the closing price of Equinix common stock as of 30 April. This amount excludes any value attributed to the Switch and Data employee equity awards assumed, which will be finalised at a later date. The transaction extends Equinix presence to sixteen new

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Categories: Fixed
Companies: Equinix / Switch and Data
Countries: World
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