It’s a marriage made in the cloud. Digital Realty will acquire one of its oldest and largest rivals, DuPont Fabros Technology (DFT), in a blockbuster $7.6 billion transaction that will boost its ability to serve the fast-growing hyperscale market. DFT is a leading provider of data center space for some of the Internet’s largest players, including Microsoft, Apple and Facebook.
The deal is a case of the big getting even bigger. Digital Realty is the largest landlord in the world of technology real estate, with 145 properties spanning 23 million square feet of data center space across 33 global markets, while DuPont Fabros operates 3 million square feet of space in 12 huge data centers focused in the largest cloud markets.
It’s a merger driven by trends in the hyperscale market, where DuPont Fabros has signed a flurry of enormous leases with cloud services providers and marquee names in the tech industry. CyrusOne has also seen significant success in the battle for “super wholesale” deals, emerging as a significant competitor to its older rivals.
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