I hate it when companies fudge.
In March, I reported that Savvis was in talks to sell itself and had hired Qatalyst Partners. Well I was apparently wrong about Qatalyst but I was right about the sales talks. Today, Savvis announced that it has agreed to sell to CenturyLink for $2.5 billion. CenturyLink is also assuming about $700 million in debt.
Savvis’s sale has long been expected. In January, Verizon Communications announced its $1.4 billion takeover of Terremark Worldwide. Time Warner, five days later, then followed up with a $230 million deal for Navisite.Continue