DOJ Clears Way for Equinix, Switch & Data Deal
April 23rd, 2010 By: Rich Miller
Equinix is expected to successfully complete its acquisition of Switch and Data next week after the United States Department of Justice told the companies it will allow the deal to go forward. The DOJ told Switch & Data that it has closed its review of the antitrust implications of the deal, which combined two leading colocation and interconnection providers. Switch and Data and Equinix now expect the transaction to close on Friday, April 30.
Last October Equinix (EQIX) announced an agreement to acquire Switch & Data (SDXC) for $689 million in cash and stock. The acquisition will add more than 1 million gross square feet of data center capacity, bringing Equinix’s total global footprint to more than 6 million square feet across 79 data centers in 34 markets in North America, Europe and Asia-Pacific.
Here’s a summary of our previous coverage of the deal: