Equinix Eyes US Growth with $689M S&D Buy

The deal, announced last week, is valued at around $689 million in cash and stock. Though still subject to approval by shareholders and regulators, the companies expect the transaction to close in the first quarter of 2010. The combined entity will operate under the Equinix brand, although the vendors will continue to operate as separate, independent companies and competitors until the deal is fully closed, officials say.

Both vendors operate datacenters and co-location facilities in key