DigitalBridge, IFM take Switch off NYSE as $11bn takeover completes

Switch’s portfolio includes largescale facilities in Las Vegas and Tahoe Reno, Nevada; Grand Rapids, Michigan; Atlanta, Georgia; and Austin, Texas.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

December 07, 2022 | 9:06 AM GMT

DigitalBridge Group, Inc. (NYSE: DBRG) and IFM Investors have completed their previously announced transaction in which funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. for US$34.25 per share in cash, or approximately $11 billion, including the repayment of outstanding debt.

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João Marques Lima

Founder and Editor, The Tech Capital

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