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Equinix To Buy Telecity Group For $3.6 Billion, Interxion Deal Collapses

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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U.S. data center company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV . Telecity, which runs some of the huge computer centers which process traffic on the Internet, said in a statement its board had recommended Equinix's offer, and as such it was terminating an all-stock deal to buy Interxion for $2.2 billion. The acquisition of Telecity by Equinix, a deal which Reuters reported was near to finalization on Thursday, would create the largest data center player in Europe.

 

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