Data center developer Switch will be acquired by DigitalBridge and infrastructure investors IFM and taken private in an all cash deal valued at about $11 billion. The deal continues a trend in which public data center REITs have been bought by large investors and taken private.
DigitalBridge Launches VC Unit, Outlines Full Stack Investment Strategy
DigitalBridge has launched a venture capital arm that invests in tech startups as part of its evolution into a “full stack” platform that operates data centers, while also connecting investors with a range of opportunities to place capital in digital infrastructure.