From Bloomberg, December 28/29:
SoftBank Group Corp. is in advanced talks to acquire DigitalBridge Group Inc., a private equity firm that invests in assets such as data centers, according to people with knowledge of the matter.
The Japanese conglomerate could announce an agreement as soon as Monday for New York-listed DigitalBridge, the people said, asking not to be identified because the information is private. Terms of the transaction, part of SoftBank’s campaign to take advantage of an AI-driven boom in digital infrastructure, couldn’t be learned.
Shares in DigitalBridge rose as much as 54% in premarket New York trading Monday. They were already up 23% this year through Friday, giving the company a market value of about $2.5 billion and an enterprise value of $3.8 billion including debt at the last close, according to data compiled by Bloomberg.
A final agreement hasn’t been reached and details, including the timing, could still change, the people said. Representatives for SoftBank and DigitalBridge declined to comment.
SoftBank’s billionaire founder Masayoshi Son is trying to capitalize on soaring demand for the computing capacity that underpins artificial intelligence applications.
DigitalBridge, led by Chief Executive Officer Marc Ganzi, had about $108 billion of assets under management at the end of September, according to its website. Its portfolio includes digital infrastructure operators such as AIMS, AtlasEdge, DataBank, Switch, Vantage Data Centers and Yondr Group....
....MUCH MORE
Related:
February 2024 - The Infrastructure Theme Is For Real (PWR)
March 2025 - "Money Managers Rush to Invest in The World’s ‘Essential Plumbing’"
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