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Exclusive: Equinix Nears Deal For Telecity - Sources


Ron Burgundy
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U.S. data center company Equinix Inc is nearing a deal to acquire British peer Telecity Group Plc, according to people familiar with the matter, in a tie-up that would create the largest data center player in Europe. Equinix had previously offered 2.3 billion pounds ($3.5 billion) to convince Telecity to enter into negotiations. Telecity shares ended trading in London at 1,090 pence on Thursday, giving it a market capitalization of $2.2 billion pounds.

 

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