American Tower is said near deal to buy CoreSite Realty for about $10B

Nov. 14, 2021 7:24 PM ETAmerican Tower Corporation (AMT)DLR, CONEBy: Joshua Fineman, SA News Editor39 Comments

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  • American Tower Corp. (NYSE:AMT) is said to near an agreement to acquire CoreSite Realty (NYSE:COR) for about $10B in an all-cash deal.
  • American Tower (AMT) could announce the acquisition of the data center operator as soon as this week, according to a Bloomberg report.
  • The report comes after Reuters reported last week that CoreSite was exploring options after getting a takeover approach. CoreSite (COR) was approached by American Tower (AMT) and Digital Realty Trust (NYSE:DLR) as well as private equity firms on a potential deal.
  • The possible deal also comes after the WSJ reported on Friday that data center REIT CyrusOne (NASDAQ:CONE) is said to be near a deal to be sold to private equity firms for more than $10B.

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