DigitalBridge nearing deal for data-center firm Switch- Bloomberg News
(Reuters) – DigitalBridge Group Inc is nearing a deal for data-center operator Swap Inc, Bloomberg Information reported on Tuesday, citing individuals accustomed to the matter.
DigitalBridge outbid Brookfield Asset Administration Inc for Swap and, a deal, if finalized, may very well be introduced in a while Tuesday, the report mentioned.
The talks had been nonetheless ongoing and the deal may nonetheless disintegrate, the report mentioned, citing the sources.
Swap, DigitalBridge and Brookfield Asset Administration didn’t instantly reply to Reuters requests for remark.
DigitalBridge had a market capitalization of $3.31 billion, whereas that of Swap was $7.29 billion, in line with information from Refinitiv.
(Reporting by Praveen Paramasivam in Bengaluru; Modifying by Shailesh Kuber)
