Google says it will review its spending on data center infrastructure as part of cost-cutting related to the COVID-19 pandemic. The company invested $13 billion in data centers in 2019.
Three global infrastructure funds will invest $320 million in Tierpoint, a regional data center provider that has built a national network through a series of acquisitions.
Investor interest in the data center sector remains high, and the wave of M&A is likely to continue in 2020. But deal values are high, prompting some investors to tread carefully and adjust their strategies.
Vertiv Holdings Co. has begun trading on the New York Stock Exchange Monday after completing a $5.3 billion merger with GS Acquisition Holdings, a public company led by investor David Cote.
Last January we identified eight themes that we believed would shape the data center business in 2019. How did we do? Let’s take a look and see how we did, ranking whether each prediction was a Hit, Miss or Too Early.
Vertiv plans to become a public company with a streamlined balance sheet and ambitions to become an even larger player in data centers and edge computing. Here’s a closer look at Vertiv’s roadmap for future growth.
Aligned Energy has lined up a $495 million secured credit facility, from investors led by Goldman Sachs, which will fund data center expansions in Dallas, Phoenix and Salt Lake City.
Equinix is now officially an investment grade company, joining Digital Realty as the only public data center providers to earn the coveted credit rating, which means lower rates on borrowing and access to a wider pool of capital to fund growth.