Canadian media and cable company Shaw Communications Inc said it would purchase data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.Shaw said the acquisition would help accelerate the development of its Canadian data center platform.Shaw said that Colorado-based ViaWest has 27 data centers mostly in the southwestern United States and that Shaw would keep the target in its Denver headquarters as a standalone subsidiary whose expertise can be made available to Shaw's own data management and cloud services customers."With the acquisition of ViaWest, Shaw gains significant capabilities, scale and immediate expertise in the growing marketplace for enterprise data services," CEO Brad Shaw said in a news release.
Shaw Communications Inc. (Shaw) is a diversified Canadian communications company. Shares of SJR remained unchanged at $25.23. In the past year, the shares have traded as low as $21.77 and as high as $26.30. On average, 251641 shares of SJR exchange hands on a given day and today's volume is recorded at 0.
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