SoftBank’s $4 billion AI play: What the DigitalBridge acquisition means
SoftBank Group on Monday announced that it will acquire the DigitalBridge Group, a digital infrastructure investor, in a deal valued at $4 billion. The move is part of the Japanese firm’s plan to strengthen its investments linked to artificial intelligence.
Under the offer, SoftBank will pay $16 per share, which is about 15% higher than DigitalBridge’s closing price on Friday. The deal values the company at around $2.92 billion and is expected to close in the second half of next year.
