DigitalBridge, IFM Buying Data Center Company Switch for $11 Billion

DigitalBridge Group Inc. is buying Switch Inc., a data-center company, for $11 billion, the latest digital asset being snapped up by the investment company.

DigitalBridge is partnering with an affiliate of the infrastructure investor IFM Investors to acquire Switch for $34.25 a share. The deal includes the assumption of debt and is expected to close in the second half of this year.

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