Wednesday, November 5, 2008

Terremark: credit crunch scuttled potential sale

from Data Center Knowledge

>>Terremark Worldwide (TMRK) said late today that a potential sale of the company was derailed by the credit crisis. The Miami-based colocation and managed hosting specialist said it received an unsolicited takeover offer in April, and worked on a potential deal through mid-September, when the Terremark board cited problems in the credit markets in its decision to halt efforts to sell the company.

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