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Switch Inc. To Be Taken Private In Deal Valued At Approx. $11 Bln

Switch, Inc. (SWCH) has entered into a definitive agreement with DigitalBridge Group, Inc. (DBRG), under which DigitalBridge Partners II, and an affiliate of IFM Investors will acquire all outstanding common shares of Switch for $34.25 per share in an all-cash deal valued at approximately $11 billion, including the assumption of debt. Upon completion, Switch will no longer be traded or listed on any public securities exchange.

As a result of the announcement, the company has cancelled its first quarter earnings call.

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