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SoftBank Group has paused discussions to acquire U.S. data center operator Switch, impacting founder Masayoshi Son's Stargate AI infrastructure plans. Previously, SoftBank sought a $50 billion acquisition.

Though a full buyout is off the table, talks for a partial investment or partnership continue. Switch is preparing for an IPO with a potential $60 billion valuation. SoftBank's shares fell 5% in Tokyo following the news. The company has a 3-year revenue growth rate of 11%, a net margin of 40.9%, and a debt-to-equity ratio of 1.41, indicating high leverage and potential liquidity challenges.