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Equinix gets $280 million in funding from Microsoft, others

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Redwood City, Calif.--Equinix, a developer of Internet business exchange networks that allow for global business-to-business electronic commerce, has received $280 million in equity and debt funding, the company's second round of financing. Seventeen companies participated in an $80 million second round of equity financing, including Microsoft Corp., Redmond, Wash.; E*Trade Group, Menlo Park, Calif.; and Temasek Holdings, a Singapore-based institutional investor firm. Equinix also received $200 million in debt financing in a deal led by Salomon Smith Barney, Morgan Stanley Dean Witter & Co. and Goldman Sachs & Co., all based in New York. Equinix will use the financing to expand its networks in the U.S. and globally.
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