DigitalBridge Nears Deal For This Data-Center Operator

by Anusuya Lahiri, Benzinga Editor
May 11, 2022 6:57 AM | 1 min read | Make a Comment
Loading...
Loading...
  • DigitalBridge Group, Inc DBRG is nearing a deal for data-center operator Switch, Inc SWCH, Bloomberg reports.
  • DigitalBridge, led by CEO Marc Ganzi, outbid Brookfield Asset Management Inc BAM BAM for Las Vegas-based Switch.
  • The market capitalization of Switch, led by founder, Chair, and CEO Rob Roy, is $7.4 billion.
  • Switch reported Q1 results with an adjusted EPS of $0.04.
  • The report noted mergers and acquisitions of data-center companies have increased, partly due to the sector’s fragmented nature and relatively strong growth dynamics.
  • Price Action: SWCH shares closed higher by 3.42% at $30.83 on Tuesday.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: M&ANewsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!