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