Tech
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.
The…
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