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Digital Realty Is in Talks to Buy Data-Center Firm Ascenty

  • Ascenty, valued at $1 billion-plus, operates centers in Brazil
  • Firm is owned by Great Hill Partners and a Blackstone fund
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Photographer: Andrey Rudakov/Bloomberg

Digital Realty Trust Inc. is in talks to buy Brazilian data-center operator Ascenty, according to people with knowledge of the matter.

Digital Realty, a San Francisco-based real estate investment trust with a market value of $24 billion, could invest in Ascenty alongside a joint venture partner, said one of the people, who asked not to be identified because the talks aren’t public. Last October, the company announced a joint venture with Mitsubishi Corp. focused on data centers in Japan. No deal has been reached for Ascenty and it’s possible that one could fall apart.