SoftBank in talks to buy digital infra firm DigitalBridge

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SoftBank is in talks to acquire digital infrastructure firm DigitalBridge, a source familiar with the matter told Reuters on Friday, as the Japanese conglomerate seeks to tap the firm’s AI-linked portfolio.

The deal could be struck by the end of the year, the source said. DigitalBridge and SoftBank declined to comment.

Shares of DigitalBridge surged as much as 35%, hitting over a one-month high. The stock has slipped nearly 14% this year as of last close, giving the Boca Raton, Florida-based company a market value of $1.8 billion.

Bloomberg News…



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SoftBank in talks to buy digital infra firm DigitalBridge



SoftBank is in talks to acquire digital infrastructure firm DigitalBridge, a source familiar with the matter told Reuters on Friday, as the Japanese conglomerate seeks to tap the firm’s AI-linked portfolio.

The deal could be struck by the end of the year, the source said. DigitalBridge and SoftBank declined to comment.

Shares of DigitalBridge surged as much as 35%, hitting over a one-month high. The stock has slipped nearly 14% this year as of last close, giving the Boca Raton, Florida-based company a market value of $1.8 billion.

Bloomberg News…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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