May 03, 2021
Switch, Inc. (NYSE: SWCH), the exascale technology infrastructure corporation, has announced that it has entered into a definitive agreement to acquire Data Foundry, Inc., a carrier-neutral colocation provider, for US$420 million in an all cash transaction. The acquisition is expected to close by mid-2021, subject to the satisfaction of customary closing conditions, including regulatory approval.
Latham & Watkins LLP represents Switch, Inc. in the transaction with a corporate deal team led by Orange County partners Daniel Rees and Shayne Kennedy, with Orange County associate Paul Jeffrey and New York associate Adam Weber. Advice was also provided on real estate matters by New York counsel Betsy Mukamal, with New York associate Karen Ritter; on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Peter Todaro, with Washington, D.C. associate Christopher Brown; on benefits and compensation matters by Bay Area partner Julie Crisp, with Los Angeles associate Tara McCarney; on tax matters by Century City partner Pardis Zomorodi and Chicago partner Joseph Kronsnoble, with Chicago associate Christopher Ohlgart; on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Denis Griffin; on intellectual property matters by Orange County counsel David Kuiper; on environmental matters by Orange County partner Chris Norton; and on data privacy matters by Bay Area counsel Robert Blamires, with Bay Area associate Sam Maerz-Boening.