SoftBank to buy DigitalBridge in $4 billion deal to bolster AI infrastructure push

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SoftBank ⁠Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4 billion, the companies said on Monday, as the Japanese investment firm looks to deepen its AI-related portfolio.

The acquisition would expand ‌SoftBank’s exposure to ‌digital infrastructure as the Japanese conglomerate is positioning its portfolio to focus on artificial intelligence.

DigitalBridge shares rose about ‌9.8% to $15.30 on Monday, following a 45% rise earlier this month after Bloomberg News first reported the acquisition talks.

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SoftBank to buy DigitalBridge in $4 billion deal to bolster AI infrastructure push



SoftBank ⁠Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4 billion, the companies said on Monday, as the Japanese investment firm looks to deepen its AI-related portfolio.

The acquisition would expand ‌SoftBank’s exposure to ‌digital infrastructure as the Japanese conglomerate is positioning its portfolio to focus on artificial intelligence.

DigitalBridge shares rose about ‌9.8% to $15.30 on Monday, following a 45% rise earlier this month after Bloomberg News first reported the acquisition talks.

The…



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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