U.S. phone company Verizon Communications Inc (VZ.N) plans to buy IT services provider Terremark Worldwide Inc (TMRK.O) in a deal worth $1.4 billion, the companies said on Thursday. The $19-per-share offer for Terremark represents a 35 percent premium over its closing price of $14.05 on Thursday. Terremark shares jumped to $19.06 after-hours. Verizon said the deal will help expand its services business, although it plans for Terremark to keep its name.
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