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

May 2017

Client(s) 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.

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