Digital Realty Acquires Blackstone's Data Center Stakes for $3.5 Billion Amid Outrage
Digital Realty has agreed to acquire Blackstone's stakes in three data centers for $3.5 billion, valuing the assets at $7.8 billion. This deal, which follows Digital Realty's pricing of a $2.28 billion secondary stock offering by Blackstone, comes amid grassroots outrage over Blackstone's sale of its stake in three Virginia data centers.
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (56/100)Sources
Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers
Read full article →Digital Realty prices $2.28B secondary stock offering by Blackstone at $185/shr
Read full article →Blackstone Sells Stake In Three Virginia Data Centers Amid Grassroot Outrage
Blackstone Sells Stake In Three Virginia Data Centers Amid Grassroot Outrage Up until now, when it comes to real estate, Blackstone was best known in recent years for dumping many of its trophy office properties - which in the aftermath of work from home never recovered their projected cash flow potential - at a huge discount. Now, it may be pulling a page from its old, pre-Lehman playbook by calling the top in yet another commercial real estate segment: data centers. Accordin...
By Tyler Durden
Read full article →
