SoftBank Halts Talks to Buy Data Center Firm Switch in Blow to Son's Ambitions

1 pointsposted 4 hours ago
by zerosizedweasle

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zerosizedweasle

4 hours ago

"SoftBank Group Corp. has halted talks about an acquisition of US data center operator Switch Inc., a setback to founder Masayoshi Son’s ambition to roll out Stargate AI infrastructure, according to people familiar with the matter.

For months, Son pursued a deal of around $50 billion for Switch, convinced that direct control of the latter’s network of energy-efficient data centers would help the $500 billion Stargate push to generate computing power for partner OpenAI."