DigitalBridge Partners II, the value-added digital infrastructure equity strategy of DigitalBridge Group, and an affiliate of IFM Investors have agreed to acquire all outstanding common shares of Switch in an all-cash transaction valued at $11 billion, including the assumption of debt.
Switch is a telecommunications company, headquartered in Las Vegas, that develops and operates the SUPERNAP data-center facilities and provides colocation, telecommunications, cloud services, and content ecosystems.
“Through this partnership, we will be ideally positioned to continue to meet strong customer demand for Switch's environmentally sustainable Tier 5 data center infrastructure,” said Rob Roy, founder and CEO of Switch. “Following our expansion into a Fifth Prime campus last year, and with our plan to construct more than 11 million additional square feet of capacity through 2030, Switch's strategic position has never been stronger. The combination of our advanced data cen