Verizon to acquire Terremark

Verizon Communications said that it was buying Terremark Worldwide, a provider of information technology services, for $1.4 billion, the Associated Press reports. Verizon plans to pay $19 a share for Terremark. That represents a 35 percent premium to Terremark’s closing stock price on Thursday. Terremark provides cloud computing services, which let companies store data and run software on remote servers instead of their own computers. It also provides technology infrastructure services…

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