Japanese conglomerate SoftBank Group (SFTBY) is in talks to acquire DigitalBridge (DBRG), which invests in assets such as data centers, people with knowledge of the matter told Bloomberg’s Josh Sisco, Ryan Gould and Michelle Davis. SoftBank is negotiating a potential deal to buy New York-listed DigitalBridge and take it private as billionaire Masayoshi Son tries to capitalize on an AI-driven boom in digital infrastructure, the report noted.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBRG:
- DigitalBridge Group trading halted, volatility trading pause
- SoftBank in talks to buy DigitalBridge, Bloomberg says
- Digita Group to be acquired by GI Partners, terms not disclosed
- DigitalBridge signs MoU with KT to develop AI data centers in Korea
- DigitalBridge price target raised to $12.50 from $11 at Keefe Bruyette
