SoftBank Group to acquire DigitalBridge for $16.00 per share in cash

SoftBank Group (SFTBY) announced that it has entered into a definitive agreement to acquire DigitalBridge (DBRG) for a total enterprise value of approximately $4B. Under the terms of the agreement, SoftBank Group will indirectly acquire all the outstanding common stock of DigitalBridge for $16.00 per share in cash. The transaction has been unanimously recommended by a special committee of DigitalBridge’s board of directors comprised solely of independent directors. Following the recommendation of the special committee, DigitalBridge’s board of directors unanimously approved the transaction. The transaction represents a premium of 15% to DigitalBridge’s closing share price on December 26 and 50% to the unaffected 52-week average closing price as of December 4. After the closing of the transaction, DigitalBridge will continue to operate as a separately managed platform, led by Marc Ganzi. The transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the second half of 2026.