ABRY Buys Q9 Networks

Toronto, Ontario-based Q9 Networks, a data center operator, said today that it has agreed to be acquired by CDC Acquisition Corp., an affiliate of ABRY Partners, a Boston private equity firm focused on media and communications investments. The purchase price of approximately $361 million in Canadian dollars, or $17.05 per share, represents a 38 percent premium over Q9’s 30-day trading average on the Toronto Stock Exchange.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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