Completed control of a data-center platform
Blackstone and QTS announced completion on August 31, 2021. The approximately $10 billion value included debt, and the historical public shares ceased trading. Contemporary coverage distinguished completion from the June agreement. [1][2]
The transaction put the data-center operating platform under Blackstone-affiliated investment vehicles. It was a completed infrastructure acquisition, rather than a claim that all the purchase price represented AI-specific assets. [1]
Sources
- Blackstone Funds Complete Acquisition of QTS Realty Trust
Blackstone · Aug 31, 2021
- Blackstone closes $10bn acquisition of QTS
Data Center Dynamics · Sep 1, 2021