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Data Center REIT Merger Frenzy Sees CyrusOne Go Private in $15 Billion Deal

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Data Center REIT Merger Frenzy Sees CyrusOne Go Private in $15 Billion Deal

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.

Image source: Getty Images.

Source Fool.com

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