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EU: Data center to be in a $2B merger with cloud company

By  |  February 11, 2015

British data centre provider Telecity Group said on Wednesday it had reached an all-share merger agreement with New York-listed Interxion.

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    As part of the deal, InterXion would hold a 45% stake in the merged entity. The remaining stake in the company would be held by Telecity.

    Telecity said in the press release after announcing the merger that the “demand for data-center services is evolving rapidly as enterprise data and digital applications migrate to the cloud”.

    Full Content: The Wall Street Journal

     

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