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    Home»Deals»Blackstone to Buy Data-Center Operator QTS for 21% Premium
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    Blackstone to Buy Data-Center Operator QTS for 21% Premium

    June 8, 20211 Min Read
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    Blackstone Group Inc. has agreed to acquire data-center operator QTS Realty Trust Inc. in a deal valued at roughly $10 billion.

    Blackstone Infrastructure Partners and BREIT, the private equity firm’s nontraded real estate investment trust, have agreed to pay $78 a share for QTS, according to a statement Monday. The price represents a 21% premium to the closing share price of QTS on Friday.

    Including debt, the transaction is valued at about $10 billion. QTS operates data centers, with more than than 7 million square feet of space in North America and Europe.

    Read more/Source: Bloomberg

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