Miami: Terremark gets Big Brother

Post on April 17, 2015 by The Victoria Law Group 0 Comments

Miami’s largest technology service provider, Terremark Worldwide, is being acquired by Verizon Communications for $1.4 billion, the company announced Thursday.

Verizon paid $19 a share for Terremark’s stock, which closed at $14.05 Thursday. Terremark will now become a wholly-owned subsidiary under Verizon, keeping its name, its employees and headquarters in Miami.

“At the end of the day it’s the same business, but now with a big brother,” said Terremark CEO Manuel D. “Manny” Medina.

Read Bridget Carey’s The Miami Herald Article here:


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