Deal snapshot: Data Centre Operator Switch to be Taken Private by DigitalBridge Investment Management and IFM.
MANews-(C)2009-2022
US-based data centre operator Switch, Inc. (NYSE: SWCH) has entered into a definitive agreement with US-based digital infrastructure firm DigitalBridge Group, Inc. (NYSE: DBRG), under which DBRG's DigitalBridge Partners II digital infrastructure equity strategy and an affiliate of global infrastructure investor Australian investment manager IFM Investors will acquire all outstanding common shares of Switch for USD 34.25 per share in an all-cash transaction valued at approximately USD 11bn, including the assumption of debt, the company said.
The transaction...
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