TelecityGroup is reviewing a cash and stock takeover bid from Equinix today. This is months after a proposed merger between European data center giants Telecity and Interxion, according to documents filed by TelecityGroup. Equinix’s bid values Telecity at around $3.4 billion.
The Equinix bid potentially threatens the Telecity and Interxion merger, which was proposed as an all-share deal. A lot of the storyline around a potential Telecity Interxion merger was that the combined forces would leapfrog Equinix as the biggest provider in Europe. Equinix is the largest provider worldwide in terms of revenue.
Full content: Reuters
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