M&A Deal Summary

Equinix Acquires Verizon Communications - 24 Data Center Sites

On December 6, 2016, Equinix acquired communications company Verizon Communications - 24 Data Center Sites from Verizon Communications for 3.6B USD

Acquisition Highlights
  • This is Equinix’s 1st transaction in the Communications sector.
  • This is Equinix’s 2nd largest (disclosed) transaction.
  • This is Equinix’s 3rd transaction in the United States.
  • This is Equinix’s 2nd transaction in New York.

M&A Deal Summary
Date 2016-12-06
Target Verizon Communications - 24 Data Center Sites
Sector Communications
Buyer(s) Equinix
Sellers(s) Verizon Communications
Deal Type Divestiture
Deal Value 3.6B USD

Target

Verizon Communications - 24 Data Center Sites

New York, New York, United States
Verizon Communications, Inc. - 24 Data Center Site consists of 29 data center buildings across 15 metro areas.

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Buyer(S) 1

Buyer

Equinix

Redwood City, California, United States

website

Category Company
Founded 1998
Sector Information Technology
Employees11,800
Revenue 6.6B USD (2021)
DESCRIPTION
Equinix's corporate headquarters in Redwood City, California.
Equinix's corporate headquarters in Redwood City, California.

Equinix is a provider of carrier-neutral data centers, internet exchanges and interconnection services. The Company was founded in 1998 and is headquartered in Redwood City, California.

DEAL STATS #
Overall 7 of 14
Sector (Communications) 1 of 2
Type (Divestiture) 1 of 4
State (New York) 2 of 3
Country (United States) 3 of 4
Year (2016) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Equinix - European Assets

United Kingdom

Equinix, Inc. - European Assets includes carrier-neutral data centers in Europe.

Sell $874M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 ICT-Center AG

Vaduz, Liechtenstein

ICT-Center AG is an own and operator of modern and highly secure data center in Switzerland. ICT-Center AG is a specialize in the management of infrastructure and work closely with professional partners to ensure quality, reliability and security.

Buy -

Seller(S) 1

SELLER

Verizon Communications

New York, New York, United States

website

Category Company
Founded 1983
Sector Communications
Employees130,100
Revenue 136.8B USD (2022)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon Communications was founded in 1983 and is based in New York, New York.

DEAL STATS #
Overall 9 of 13
Sector (Communications) 6 of 7
Type (Divestiture) 8 of 12
State (New York) 3 of 5
Country (United States) 9 of 13
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 SocialRadar

Washington, District of Columbia, United States

SocialRadar is a developer of mobile and social location space applications that allows users to connect and interact with others around them.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Skyward IO Inc

Portland, Oregon, United States

Skyward IO, Inc is a provider of an operations management solution for commercial drone businesses. Skyward helps companies save time and scale faster by connecting all of the people projects and equipment in a drone program, into one efficient workflow.

Buy -
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