American Tower Acquires CoreSite Realty Corporation
November 15, 2021
American Tower Corporation has acquired CoreSite Realty Corporation in an all-cash transaction valued at approximately $10.1 billion including assumed debt, paying $170.00 per share. The deal brings CoreSite's 25 highly interconnected U.S. data centers into American Tower's communications real estate platform to accelerate the combined company's edge-computing, interconnection and 5G-related capabilities.
- Buyers
- American Tower Corporation
- Targets
- CoreSite Realty Corporation
- Sellers
- CoreSite stockholders
- Industry
- Telecommunications
- Location
- Colorado, United States
- Transaction Type
- Buyout
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