|Bid||0.00 x 43500|
|Ask||0.00 x 36100|
|Day's Range||34.94 - 34.99|
|52 Week Range||33.03 - 35.01|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||47.16|
|Earnings Date||Aug 19, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.00|
As a startup formed in 2007 on Boulder’s Pearl Street, Zayo’s sale makes it one of Colorado’s biggest startup success stories, the CEO says.
Zayo Group Holdings, Inc. ("Zayo") (NYSE: ZAYO), which provides mission-critical bandwidth to the world’s most impactful companies, today announced the completion of its acquisition by affiliates of Digital Colony Partners ("Digital Colony") and the EQT Infrastructure IV fund ("EQT" or "EQT Infrastructure"). The close marks the consummation of the $14.3 billion transaction, which represents the largest syndicated private equity investment, the fifth largest Media & Communications LBO and the second largest LBO overall since 2008.
The FCC has given its approval for Boulder-based Zayo Group Holdings (NYSE: ZAYO) to be bought out by global investment firms Digital Colony and EQT Partners. The deal, approved by the FCC on Feb. 6, includes Zayo Holdings Inc. and its subsidiaries Zayo Group, Electric Lightwave, and Allstream Business US. After some mystery over who Zayo would sell to, the company announced the deal would be with Digital Colony Partners and EQT Fund Management for $14.3 billion, or $35 a share.