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Jun 7, 2021
, Bloomberg News
(Bloomberg) -- Blackstone Group Inc. has agreed to acquire data-center operator QTS Realty Trust Inc. in a deal valued at roughly $10 billion.
Blackstone Infrastructure Partners and BREIT, the private equity firm’s nontraded real estate investment trust, have agreed to pay $78 a share for QTS, according to a statement Monday. The price represents a 21% premium to the closing share price of QTS on Friday, according to Dow Jones.
Including debt, the transaction is valued at about $10 billion.
QTS operates data centers, with more than than 7 million square feet of space in North America and Europe.
Shares of QTS surged in early trading on Monday, jumping as high as $78.51 The stock had gained 4.2% this year through Friday, when it closed at $64.49.
©2021 Bloomberg L.P.
