Switch in talks to raise funds at $50 billion-plus valuation, The Information reports

Switch in talks to raise funds at $50 billion-plus valuation, The Information reports June 4 : 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, 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 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, Fedex, Tesla and Logitech among its clients, per its website.