American Tower Acquires CoreSite: Paying A Hefty Price For A Niche Opportunity - NewsBreak

American Tower struck a deal to acquire CoreSite Realty, valuing the latter at $10.1 billion. On November 15th, news broke that American Tower (NYSE:AMT), a major telecommunications towers company, had agreed to purchase CoreSite Realty Corporation (NYSE:COR), a data center operator, in a transaction valued at roughly $10.1 billion. This marks...