SoftBank Explores $50B Switch Acquisition Amid AI Infrastructure Push
SoftBank Group's shares ROSE nearly 1% as markets reacted to reports of its potential acquisition of U.S. data center operator Switch. The deal, valued at roughly $50 billion including debt, signals the Japanese conglomerate's aggressive expansion into AI infrastructure.
Switch is simultaneously preparing for a potential IPO that could push its valuation to $60 billion. The company's Texas data center expansions have positioned it as a key player in meeting growing demand for cloud and AI infrastructure.
This MOVE aligns with SoftBank's recent strategic investments in AI and robotics, including deals with Ampere Computing and ABB. Market analysts view the potential acquisition as a play to dominate the next phase of digital infrastructure growth.
