Asides

Switch and Data acquired by Equinix

Equinix has acquired its rival Switch and Data. The deal, which involves both cash and stock, will strengthen Equinix position in the data center services market. As a result of this acquisition, Equinix added a million gross square feet of data center capacity to the total global footprint of the company. The expected closing date of the deal is sometime during the first quarter of next year.

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Tags: acquisition, company, data center, DC, deal, Equinix, hosting industry, sale, Switch and Data, web hosting