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Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On July 5, 2016, the Company completed the sale of eight data centers and related assets in its European business to Digital Realty Trust, Inc. ("Digital Realty") for approximately €304,564,000 and £376,171,000, or approximately $827,185,000 at the exchange rate in effect on July 5, 2016. On August 1, 2016, the Company purchased Digital Realty’s operating business, including its real estate and facility, in St. Denis, Paris, where the Company has an established presence with two IBX data centers, for approximately €189,645,000 or $211,700,000 at the exchange rate in effect on August 1, 2016. The acquisition of these two data centers will be accounted using the acquisition method of accounting in accordance with the accounting standard for business combinations. The preliminary purchase price allocation for acquisition is not currently available as the appraisals necessary to assess fair values of assets acquired and liabilities assumed are not yet complete.
On August 3, 2016, the Company declared a quarterly cash dividend of $1.75 per share, which is payable on September 14, 2016 to the Company’s common stockholders of record as of the close of business on August 24, 2016.