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Digital Realty and Interxion merge in $8b deal

  • October 31, 2019
  • Analyst: Philbert Shih

Digital Realty and Interxion have agreed to combine in a share-swap deal that values Interxion at $8.4b, including debt. DRT expects to re-finance the Interxion debt with a combination of corporate bonds and proceeds from other financings. Digital Realty shareholders will own approximately 80% of the combined company and Interxion shareholders the remainder. The deal is subject to approval by both sets of shareholders as well as customary closing conditions, and is expected to close some time next year. The Interxion brand will be kept (for the time being at least) and the EMEA business of the combined company will be branded as ‘Interxion, a Digital Realty company’.