Market Chatter: DigitalBridge's Switch Eyes $2 Billion Funding Round

MT Newswires Live07-02 17:18

DigitalBridge's (DBRG) majority-owned Switch could raise $2 billion at a nearly $50 billion valuation in its latest funding round, Bloomberg reported Wednesday, citing people familiar with the matter.

Without the latest investment, the company's equity value would be roughly $19 billion, according to the report.

Andreessen Horowitz is expected to invest $400 million and lead the funding round, the report said.

Switch and Andreessen Horowitz did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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