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The Economic Times
The Economic Times

Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers

Digital Realty will acquire a larger stake in three data ​centers in Northern Virginia ​from asset manager Blackstone in a $3.5 billion cash-and-stock ​deal, the companies said on Monday.

Under the deal, which is expected to close on Tuesday, the data center company will pay $1.2 billion of cash and $2.3 billion ‌in Digital ⁠Realty shares ⁠to Blackstone's funds.

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