June 4 (Reuters) - Data center developer Switch is in
talks to raise billions of dollars at a valuation of at least
$50 billion, The Information reported on Thursday, citing people
with knowledge of the deal.
Here are some details:
* Brookfield Asset Management ( BAM ), KKR and other
private equity and institutional investors have been in talks to
invest in the round, the report said.
* The fundraising round could possibly set up Switch for an
initial public offering, which could come as early as next year,
according to the report.
* Goldman Sachs ( GS ) and JP Morgan bankers are
working with Switch to help with the fundraise, the report
said.
* Switch did not immediately respond to Reuters' request for
comment outside regular business hours. Reuters could not
immediately verify the report.
* Dealmaking in the data center and server industry has
witnessed an uptick with the rapid growth of artificial
intelligence.
* Switch was founded in 2000 by CEO Rob Roy, and is
headquartered in Las Vegas, Nevada.
* The company counts Nvidia ( NVDA ), Fedex ( FDX ), Tesla
and Logitech among its clients, per its
website.