M&A  April 4, 2019

Multiple bidders eye potential purchase of Zayo

Zayo’s corporate headquarters in Boulder. Courtesy Zayo
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BOULDER — Odds are increasing that pressure from activist investors will lead to a sale of Boulder-based Zayo Group Holdings Inc. (NYSE: ZAYO). StreetInsider reported Wednesday that multiple bidders are involved in a potential purchase of the company, which could be sold whole or in part. A source told StreetInsider that final bids are due next April 12.

Zayo provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services. The company employs about 450 in Boulder and about 3,800 worldwide.

Zayo in February abandoned plans to split…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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