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Zayo to be acquired for $14.3 billion

Denver Business Journal

After months of speculation, Boulder-based Zayo Group Holdings Inc. has agreed to sell itself for $14.3 billion to a consortium of private equity firms. The consortium — which incudes Digital Colony Partners, EQT Fund Manager and Devonshire Investors — has acquired the telecom company for $35 per share, a 32% premium on the company’s price average. The deal includes the assumption of $5.9 billion of Zayo’s net debt.