American Tower is acquiring CoreSite Realty, a US data center operator, in a deal valued at about $10.1 billion.
American Tower Corporation and CoreSite Realty Corporation Monday announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash.
The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s existing debt at closing, is approximately $10.1 billion, according to the statement.
CoreSite, which as of Q3 2021 consisted of 25 data centers, 21 cloud on-ramps and over 32,000 interconnections in eight major U.S. markets, generated annualized revenue and Adjusted EBITDA of $655 million and $343 million, respectively, in Q3 2021.
