Digital Realty's $7.6bn acquisition of DuPont Fabros symbolises ever-growing value of the cloud

The deal signifies the growing value of the cloud

Digital Realty Trust has announced a deal to buy fellow data centre operator DuPont Fabros Technology for an enterprise value in the region of $7.6bn.

The two operators rent out space that companies use for data centres, and their value has soared thanks to a surge in demand for data and video.

Washington-based DuPont Fabros operates 12 data centres in three US markets – including tech powerhouse Silicon Valley – while Digital Realty has 45 data centres globally.

Digital Realty's chief executive, William Stein, said the deal would make it the "home to the cloud".

The acquisition “will significantly expand Digital Realty’s hyper-scale product offering and improve its ability to meet the rapidly growing needs of cloud and cloud-like customers,” Digital Realty added in a statement.

The deal, subject to shareholder approval, is expected to close in the second half of the year.

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Cameron Clarke

Cameron Clarke has been a journalist at The Drum for more than 10 years and is now its Deputy Editor. Based in the UK, he is primarily responsible for overseeing The Drum's coverage of the media industry and marketing agencies. His work includes long reads on Brewdog, Patagonia, De Correspondent and the future of sports rights. He was named Feature Writer of the Year at the 2017 PPA Scottish Magazine Awards.

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