Equinix in Proposed $482 Million IX Europe Acquisition

July 3, 2007

Cleary Gottlieb is representing Citigroup Global Markets Inc. as financial advisor to Equinix Inc. in its proposed acquisition of IX Europe plc under a "UK scheme of arrangement," a type of UK merger process. The deal is worth approximately £241 million ($482 million), or about 125p per share.

Equinix is the leading global provider of network-neutral data centers and internet exchange services for enterprises, content companies, systems integrators and network services providers. IX Europe is a leading provider of co-location centers in Europe.