CYXT - Cyxtera Technologies gains on report it's exploring a potential sale

Cyxtera Technologies (NASDAQ:CYXT) rose 9.3% in after hours trading on a report that the data center operator is exploring options including a possible sale. Cyxtera, which went public through a SPAC deal with Starboard Value Acquisition Corp. last year, is working with advisers as it considers a sale, according to a Bloomberg report. The potential sale comes as consolidation in the data center has been rapid in recent years including  including CyrusOne's (CONE) $15 billion announced sale to KKR and Global Infrastructure Partners and American Tower's (AMT) purchase of CoreSite Realty. Last month Bloomberg reported that data-center operator Switch (SWCH)  is exploring its options, including a possible sale.

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Cyxtera Technologies gains on report it's exploring a potential sale