:DigitalBridge Group Inc is taking data center operator Switch Inc private for $8.38 billion in cash, the latest deal in a sector benefiting from the digital shift spurred by the pandemic.
The data center industry has emerged as a hotbed of consolidation activity thanks to its key role in cloud computing infrastructure and a strong growth outlook underpinned by the increasing digital presence of businesses. Las Vegas, Nevada-based Switch was itself the subject of interest from multiple buyers including Brookfield Asset Management Inc, according to a Bloomberg News report.
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Switch to be taken private by DigitalBridge for $8.38 billion:Data center operator Switch Inc said on Wednesday it would be taken private by digital infrastructure firm DigitalBridge Group Inc for $8.38 billion in cash.The offer values each share of Switch at $34.25, an almost 15 per cent premium to the company's closing price on May 9 when talks of the deal were first
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DigitalBridge nearing deal for data-center firm Switch- Bloomberg NewsDigitalBridge Group Inc is nearing a deal for data-center operator Switch Inc, Bloomberg News reported on Tuesday, citing people familiar with the matter.DigitalBridge outbid Brookfield Asset Management Inc for Switch and, a deal, if finalized, could be announced later on Tuesday, the report said.T
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Switch to be taken private by DigitalBridge for $8.38 billion:Data center operator Switch Inc said on Wednesday it would be taken private by digital infrastructure firm DigitalBridge Group Inc for $8.38 billion in cash.The offer values each share of Switch at $34.25, an almost 15 per cent premium to the company's closing price on May 9 when talks of the deal were first
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
DigitalBridge nearing deal for data-center firm Switch- Bloomberg NewsDigitalBridge Group Inc is nearing a deal for data-center operator Switch Inc, Bloomberg News reported on Tuesday, citing people familiar with the matter.DigitalBridge outbid Brookfield Asset Management Inc for Switch and, a deal, if finalized, could be announced later on Tuesday, the report said.T
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »