Cases & Deals

Verizon sells 24 data center sites to Equinix for $3.6 billion

Clients Verizon Communications Inc.

Jones Day advised Verizon Communications Inc. in its $3.6 billion sale of 24 data center sites to Equinix, Inc. Equinix will now own and manage 24 Verizon customer-facing data sites, consisting of 29 data center buildings, in the U.S. and Latin America.

In addition to M&A representation, Jones Day provided real estate, employee benefits, and tax advice regarding this transaction.