CyrusOne (NASDAQ: CONE) has agreed to a buyout deal: Private equity giants KKR (NYSE: KKR) and Global Infrastructure Partners (GIP) are paying a total of $15 billion for the data center real estate investment trust (REIT) . The agreement ends weeks of speculation that the REIT was about to get acquired.
The transaction is the third one this year (and the second one Monday) involving a data center REIT. This flurry of activity will dramatically alter the landscape of the data REIT sector.
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Data Center REIT Merger Frenzy Sees CyrusOne Go Private in $15 Billion Deal