A PYMNTS Company

US: EQT and Digital Colony Agree to Buy Zayo for US$14.3B

By  |  May 9, 2019

Fiber network owner Zayo Group Holdings has agreed to be acquired by Digital Colony Partners and EQT Partners for US$14.3 billion including debt in a deal that will take the fiber-network owner private.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal values Zayo at US$35 per share in cash and includes US$5.9 billion in debt, Zayo said in a statement May 8, confirming an earlier Bloomberg report. The offer represents a 14.3% premium to the Boulder, Colo.-based firm’s closing price on May 7.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.