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Home Data Centers Data centre operator QTS Realty Trust to be taken over by Blackstone

Data centre operator QTS Realty Trust to be taken over by Blackstone

The transaction is valued at about $10 billion, including the assumption of the existing debt of the data centre operator – QTS

Blackstone Group Inc., an Investment firm will QTS Realty Trust – a data centre operator for around $6.7 billion, the Wall Street Journal reported on Monday.

$78 per share for QTS will be paid by the buyout firm’s infrastructure unit along with its non-traded real-estate investment trust, according to the report.

To QTS’ closing price on Friday, the price represents a premium of about 21 per cent.

A demand for cloud services, which are reliant on data centres, was boosted by a COVID-19 pandemic-led remote working environment. Throughout North America and Europe, QTS has more than seven million square feet of data centre space.

The transaction is valued at about $10 billion, including the assumption of the existing debt of the data centre operator – QTS, the report said.

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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