Digital Realty Buys DuPont Fabros in All-Stock $7.6 Billion Data Center Deal
Digital Realty will buy DuPont Fabros in a $7.6 billion data center deal, the companies said in a Friday news release. The all-stock transaction is expected to close in the second half of this year, subject to customary conditions including…
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shareholder and regulatory approvals, they said. The deal enhances the companies’ ability to serve top metropolitan areas, expands the companies’ products and provides cost efficiencies, they said. “The addition of [DuPont] should enhance [Digital Realty’s] growth prospects, as it's acquiring an asset that's growing at +10% per year, with recent momentum including a 28.8 MW lease signed by who we believe to be [Apple],” Wells Fargo analysts wrote investors Friday. “Our sense is this customer relationship will only grow.”