Latest M&A publications
Digital Realty has announced the acquisition of Amsterdam-based colocation and interconnection provider Interxion in an all-stock deal worth $8.4bn.
The acquisition surpasses Digital Realty’s $7.6 billion purchase of DuPont Fabros Technology as the largest acquisition in the history of the data centre industry and puts an end to recent speculation over the future of Interxion, rumoured to be mulling takeover bids from several investment firms.
The latest organisation interested in acquiring Cyrus One is its data centre rival Digital Realty, according to Bloomberg.
Last month Bloomberg broke the news that Cyrus One was looking at potential suitors after receiving takeover interest, prompting the Texas-based data centre company’s stock to surge.
CyrusOne is considering a sale after the colocation company was approached by a group of bidders, including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital.
The group has not yet made a bid but has alerted CyrusOne that it is in the preliminary stages of proposing one. A source familiar with the matter told Bloomberg that there are other bidders interested in CyrusOne and that the Dallas-based company has not yet made a decision on a potential takeover.
While Pivotal has previously boasted that the majority of Fortune 500 companies use its services, including American and Southwest and Boeing, the company has laboured since its IPO in April 2018 and reported $31.7 million losses in its last financial quarter.
Broadcom seals Symantec deal to boost enterprise cloud security offering Broadcom has finalised a $10.7 billion cash agreement to buy the enterprise security arm of Symantec Corp. The chip manufacturer has been seeking to expand its software efforts. With the addition of Symantec, Broadcom will be able to provide integrated enterprise security solutions, the company… Read More