Google acquires select assets of Summa Mill (real estate)

Companies in Relationship

Google, Stora Enso/Summa Mill

Deal Facts

Initial Announcement Date: 3/09

Consideration: $52 million in cash

Google acquired buildings and most of the Summa Mill site owned by Stora Enso Corp. for about $52 million. The site is located in southeastern Finland. Google says it is planning to build a data center at the site.

Strategic Implications

Google's move is symbolic of the decline of print media and the rise of digital.

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