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American Tower and Stonepeak partner for U.S. Data Center business in a $2.5B deal

Telecommunications Tower, blu skye with clouds

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  • American Tower (NYSE:AMT) and Stonepeak, alternative investment firm specializing in infrastructure and real assets, announced that the latter on behalf of certain affiliated investment vehicles, will acquire an ownership interest of ~29% in the former's U.S. data

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Comments (7)

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Liquidity Swords profile picture
Wait did AMT just take a haircut in the value of the Coresite acquisition?
Einherjar profile picture
@Liquid Swords coresite was a 10.1B all Cash deal
@Liquid Swords No, this transaction actually supports part of the equity financing for CoreSite.
Allen Greathouse profile picture
@user1416 Also they are paying 10.5 vs AMT’s 10.1. But AMT had to pay a takeover multiple. This is a great deal for AMT.

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