SoftBank Buys DigitalBridge

SoftBank agreed to acquire DigitalBridge for $4 billion in cash, strengthening its push into AI-focused data center infrastructure.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Japan's SoftBank said Monday it agreed to buy data center investment firm DigitalBridge for $4 billion

00:09as part of its artificial intelligence push, according to CNBC. SoftBank will acquire all

00:15outstanding common stock of DigitalBridge for $16 per share in cash. The deal was unanimously

00:22approved by a special committee of DigitalBridge's board and represents a 15% premium to Digital

00:28Bridge's December 26th closing price. CEO Masayoshi Sun said the acquisition will strengthen the

00:35foundation for next-generation AI data centers by expanding compute capacity, connectivity,

00:41power, and scalable infrastructure. For all things money, visit benzinga.com.