U.S. distributed antenna system (DAS) and Wi-Fi provider Boingo Wireless says it has agreed to be acquired by an affiliate of Digital Colony Management in a deal worth $854 million.
The transaction will take Boingo from being a public company to being a privately held firm.
Under the terms of the deal, which has been unanimously approved by Boingo’s board, Digital Colony will acquire all the outstanding shares of Boingo common stock for $14.00 per share in cash through a merger, in a transaction valued at about $854 million, including the assumption of $199 million of Boingo’s net debt obligations.
